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Shake Shack In-A: The Winning Streak Continues (SHAK)

By James Quinn

Shake Shack In-A (NYSE:SHAK) traded today at a new 52-week high of $75.29. This new high was reached on below average trading volume as 56,000 shares traded hands, while the average 30-day volume is approximately 624,000 shares.

Shake Shack In-A (NYSE:SHAK) is currently priced 33.7% above its average consensus analyst price target of $49.89. The stock should find initial support at its 50-day moving average (MA) of $64.22 and further support at its 200-day MA of $55.74.

Shake Shack In-A share prices have moved between a 52-week high of $75.29 and a 52-week low of $40.67 and are now trading 85% above that low price at $75.29 per share. Over the past week, the 200-day moving average (MA) has gone up 0.5% while the 50-day MA has advanced 1.5%.

Shake Shack Inc. operates roadside burger stands. The Company focuses on food and beverages, crafted from a range of classic American foods such as burgers, hot dogs, crispy chicken, frozen custard, crinkle cut fries, shakes, and beer and wine. Shake Shack serves customers globally.

SmarTrend recommended that subscribers consider buying shares of Shake Shack In-A on January 7th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $47.12. Since that recommendation, shares of Shake Shack In-A have risen 59.7%. We continue to monitor SHAK for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows shake shack in-a

Ticker(s): SHAK