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Downgrade Alert for Buffalo Wild Wings (BWLD)

By David Diaz

Buffalo Wild Wings (NASDAQ:BWLD) was downgraded from Buy to Hold at Maxim today. The stock closed yesterday at $167.66 on volume of 841,000 shares, above average daily volume of 701,000.

Buffalo Wild Wings share prices have moved between a 52-week high of $205.83 and a 52-week low of $122.25 and closed yesterday at 37% above that low price at $167.66 per share. In the last five trading sessions, the 50-day moving average (MA) has fallen 1.1% while the 200-day MA has slid 0.4%.

Buffalo Wild Wings Inc. owns, operates, and franchises casual dining restaurants. The restaurants feature made to order menu items including New York style chicken wings. The company operates restaurants in multiple states.

Buffalo Wild Wings has overhead space with shares priced $167.66, or 7.6% below the average consensus analyst price target of $181.45. The stock should find initial support at its 200-day moving average (MA) of $166.04 and further support at its 50-day MA of $148.88.

SmarTrend is monitoring the recent change of momentum in Buffalo Wild Wings. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Buffalo Wild Wings in search of a potential trend change.

Keywords: analyst upgrades/downgrades buffalo wild wings

Ticker(s): BWLD