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Shake Shack, Inc.

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SHAK trade ideas

Trade Journal: Long SHAK - 1/21/2020SHAK is another speculative/volatile name with a bottoming pattern that has recently broke out and short squeezed. SHAK has been consolidating right under a key level of resistance at 71.60 and created 3 inside candle days in a row on the daily chart. The price action on 1/16/2020 is also significant where price created a high volume hammer on the daily. SHAK looks ready to take off after it plows through the 71.60 level. Entry - 70.05 Stop loss - 68.65s Target 1 - 75.00 Target 2 - 80.00
NYSE:SHAKLong
by Trader_Kaji
Shake Shack Weekly Chart Review Resistance holds at that gap open level. Above $72 a good possible entry level, with $83 as target level. Moving averages now rising and in support. The weekly chart shows mid channel resistance also in play. The weekly Stochastic and MACD in bullish reversal. A crossing of the MACD could help ignite A RALLY. PLEASE GIVE US A LIKE IF YOU FIND OUR CONTENT HELPFUL, IT IS REALLY APPRECIATED PLEASE GIVE US A LIKE IF YOU FIND OUR CONTENT HELPFUL, IT IS REALLY APPRECIATED
NYSE:SHAKLong
by Bullishcharts
$SHAK Has A Big Gap To Close$SHAK is climbing after getting some love from $GS. Goldman Sachs keeps a Buy rating on Shake Shack (SHAK +8.9%) after digesting the company's ICR presentation yesterday. The firm sees significant upside from the restaurant operator's new partnership with Grubhub in particular. "As part of the partnership, GRUB has provided SHAK with detailed customer data, as well as marketing resources such as loyalty and targeted promotions," notes analyst Katherine Fogertey. She is also positive on the menu innovation highlighted yesterday by Shake Shack management at the ICR Conference. Goldman's price target of $115 on Shake Shack reps +60% upside potential and is well-above the average sell-side PT of $75.00 and 52-week high of $105.84. Shares of Shake Shack were back over $70 for the first time since early November. Shake Shack (NYSE:SHAK) also gained after presenting at the ICR Conference. A key highlight from the restaurant operator was the plan to expand at a measured pace in China, South Korea and Singapore. As for menu innovation, new chicken products are planned for the middle part of the year and the restaurant operator is set to introduce a veggie burger later in the year. The company sees improving Shack-level operating margin by working on long-term economies of scale in the supply chain and accelerating the use of technology to deliver labor efficiencies. As always, trade with caution and use protective stops. Good luck to all!
NYSE:SHAKLong
by InsiderFinancial
SHAK – Bullish Gap Fill - Real Meat Gets Bullish Trade Entry Feb. 14 Expiry. Put Credit Spread. 59/64 Strikes. Credit of $3.00 (no lower than $2.90) Risk $210. Reward $290-$300. POP - 65% Chart Details Large $10 gap from $71-$81. This must get filled IMO. White trendline is stop. Break of white trendline and trade above is invalid ($59.50 or less). Bullish EMA cross just occurred last Friday, 1/10. Bullish 10WeekMA price cross with Bullish EMA Cross is 80% guaranteed or greater IMO. Earnings play. Expected reporting date may be Feb. 24, not March. 3 (as shown on TradingView). Need to confirm as we get nearer. Source Zacks- www.zacks.com Credit to Bullishcharts for this idea after discussing BYND . Maybe we can both profit off a real meat rally, just like we did off the fake meat rally. LOL I will update if I enter this trade personally. If I enter personally, I will provide updates as we go :) About Me Thank you for liking, commenting, throwing up a chart, following, or viewing. I am not a financial advisor. My comments and reviews are based on what I do with my personal accounts. Website will be ready for launch mid-January 2020. Disclosure - I am long BTCUSD, GBTC. Short term GDX Bullish, SPXS Bullish, MCD Bullish
NYSE:SHAKLong
by MoneyPatterns
6
$SHAK Entry level to watchEntry level $63 = Target price $67.00 = Stop loss $61.70 Stock has found strong support and is forming a base, the &&12ma's have bullishly crossed above the 34ma. MACD, Histogram and RSI are in bullish trajectory with decent volume to support. 16% short interest can fuel a nice rally. Stock is still 40% of its highs. Shake Shack, Inc. is a holding company, which engages in operating fast food hamburger restaurants. It offers angus beef burgers and flat-top dogs, cage-free chicken, spun-fresh frozen custard, crinkle cut fries, craft beer, and wine. The company was founded by Daniel Harris Meyer on September 23, 2014 and is headquartered in New York, NY.
NYSE:SHAKLong
by Bullishcharts
Gonna be a SHAK DownUp a little bit, looking like descending triangle. Typically breaks to the downside. Upside potential on small tf, but may not be enough to move it out positive. I'm thinking we'll see enough upside to raise rsi on some time frames a bit from way overbought. MACD on daily weakening. Short term: going up. Medium term: down to around 55-56. Potential support at 55 and change at blue line. Purely speculative. Not advice. But it's also winter. Who buys a shake in the winter?
NYSE:SHAKShort
by MichaelMF
SHAK - Just a little overdoneStock sold off due to their earnings report. Honestly, I don't think the report was so bad to deserve a +20% selloff. If you look at the other burger stocks, all dealing with the same issues, most of those stocks held up today, even being green. The selloff today held around the 61.8% Fibonacci Retracement level from the December low to the recent September highs. I am keeping an eye on this stock to see how these levels hold. I think this should start bouncing back as the weak hands & profit-takers close their positions.
NYSE:SHAKLong
by Chartimistic