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After Yesterday's Rally of 7.05% Shares Could Potentially Pullback

By David Diaz

Wingstop Inc (NASDAQ:WING) traded in a range yesterday that spanned from a low of $48.81 to a high of $51.72. Yesterday, the shares gained 7.1%, which took the trading range above the 3-day high of $49.10 on volume of 869,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

SmarTrend is tracking the current trend status for Wingstop Inc and will alert subscribers who have WING in their portfolio or watchlist when shares have changed trend direction.

Wingstop Inc share prices have moved between a 52-week high of $51.45 and a 52-week low of $22.63 and are now trading 127% above that low price at $51.35 per share. The 200-day and 50-day moving averages have moved 0.49% lower and 0.78% higher over the past week, respectively.

Keywords: rebounders wingstop inc

Ticker(s): WING