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Shares of Shake Shack In-A Rise to a New 52-Week High

By Nick Russo

Shares of Shake Shack In-A (NYSE:SHAK) traded today at $75.98, breaking its 52-week high. So far today approximately 95,000 shares have been exchanged, as compared to an average 30-day volume of 625,000 shares.

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.

Shake Shack In-A (NYSE:SHAK) defies analysts with a current price ($75.96) 34.3% above its average consensus price target of $49.89. The stock should discover initial support at its 50-day moving average (MA) of $64.51 and subsequent support at its 200-day MA of $55.83.

Over the past year, Shake Shack In-A has traded in a range of $40.67 to $75.98 and is now at $75.96, 87% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 2.0% while the 200-day MA has risen 0.7%.

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 $47.11. Since that recommendation, shares of Shake Shack In-A have risen 60.2%. 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