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Wingstop Inc Set to Possibly Rebound After Yesterday's Selloff of 2.46%

By Nick Russo

Wingstop Inc (NASDAQ:WING) traded in a range yesterday that spanned from a low of $99.79 to a high of $103.67. Yesterday, the shares fell 2.5%, which took the trading range below the 3-day low of $102.25 on volume of 234,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

In the past 52 weeks, shares of Wingstop Inc have traded between a low of $56.95 and a high of $107.43 and are now at $100.93, which is 77% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.0% while the 200-day MA has risen 1.0%.

SmarTrend recommended that subscribers consider buying shares of Wingstop Inc on August 8th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $99.58. Since that recommendation, shares of Wingstop Inc have risen 3.9%. We continue to monitor WING for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: rebounders wingstop inc

Ticker(s): WING