$SHAK Trade the volatility in Shake Shack.
Entry level $83.30 = Target price $93.50 = stop loss $80.25
After a 23% selloff in the last 2 months it may be the right time to start nibbling at SHAK prior to its earnings report today after the close.
Indicators look like moving higher, but this is a risky trade to enter given the volatility of the stock around earnings.
162 P/E ratio very high, but accepted in high growth companies.
Short interest of 17.55% could ignite a rally.
Company profile
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.
After a 23% selloff in the last 2 months it may be the right time to start nibbling at SHAK prior to its earnings report today after the close.
Indicators look like moving higher, but this is a risky trade to enter given the volatility of the stock around earnings.
162 P/E ratio very high, but accepted in high growth companies.
Short interest of 17.55% could ignite a rally.
Company profile
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.
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