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Wingstop Inc Set to Possibly Rebound After Yesterday's Selloff of 1.08%

By Amy Schwartz

Wingstop Inc (NASDAQ:WING) traded in a range yesterday that spanned from a low of $77.46 to a high of $80.25. Yesterday, the shares fell 1.1%, which took the trading range below the 3-day low of $78.46 on volume of 115,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

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.

In the past 52 weeks, Wingstop Inc share prices have been bracketed by a low of $22.63 and a high of $81.18 and are now at $78.20, 246% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has declined 0.5%.

Keywords: rebounders wingstop inc

Ticker(s): WING