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Shares of Wingstop Inc Rise to a New 52-Week High

By James Quinn

Wingstop Inc (NASDAQ:WING) traded today at a new 52-week high of $64.39. Approximately 65,000 shares have changed hands today, as compared to an average 30-day volume of 626,000 shares.

Wingstop Inc. owns and operates restaurants. The Company specializes in cooked-to-order, hand-sauced, and tossed chicken wings. Wingstop serves customers worldwide.

Wingstop Inc (NASDAQ:WING) is currently priced 16.5% above its average consensus analyst price target of $53.75. The stock should discover initial support at its 50-day moving average (MA) of $53.67 and subsequent support at its 200-day MA of $47.44.

In the past 52 weeks, shares of Wingstop Inc have traded between a low of $22.63 and a high of $64.39 and are now at $64.39, which is 185% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.6% while the 200-day MA has risen 1.2%.

SmarTrend recommended that subscribers consider buying shares of Wingstop Inc on March 15th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $48.67. Since that recommendation, shares of Wingstop Inc have risen 31.0%. We continue to monitor WING for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows wingstop inc

Ticker(s): WING