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SmarTrend Watching for Potential Rebound in Shares of Shake Shack In-A After 2.30% Loss

By Nick Russo

Shake Shack In-A (NYSE:SHAK) traded in a range yesterday that spanned from a low of $60.94 to a high of $62.25. Yesterday, the shares fell 2.3%, which took the trading range below the 3-day low of $61.01 on volume of 293,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

In the past 52 weeks, Shake Shack In-A share prices have been bracketed by a low of $40.67 and a high of $105.84 and are now at $61.07, 50% above that low price. The 200-day and 50-day moving averages have moved 0.14% higher and 1.89% lower over the past week, respectively.

SmarTrend is tracking the current trend status for Shake Shack In-A and will alert subscribers who have SHAK in their portfolio or watchlist when shares have changed trend direction.

Keywords: rebounders shake shack in-a

Ticker(s): SHAK