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Wingstop Inc Crosses Below its 10-day MA (WING)

By Shiri Gupta

Wingstop Inc (NASDAQ:WING) shares have crossed bearishly below their 10-day moving average of $95.09 on a volume of 105K shares. This may provide short-term investors a chance for a short position, as such a crossover often suggests lower prices in the near term.

Wingstop Inc share prices have moved between a 52-week high of $98.60 and a 52-week low of $47.83 and are now trading 98% above that low price at $94.92 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.4% while the 200-day MA has risen 0.6%.

SmarTrend recommended that subscribers consider buying shares of Wingstop Inc on March 18th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $70.90. Since that recommendation, shares of Wingstop Inc have risen 37.2%. We continue to monitor WING for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses wingstop inc

Ticker(s): WING