kilo1romeo

BWLD Buffalo Wild Wings above $169 bullish

Long
BATS:BWLD   None
As $BWLD maintains above $169 zone this is bullish for another leg up. I suspect distribution up here, but that does not mean another notch higher. It looks like investors have given BWLD a pass on the last quarter. Accumulation came back in just before the gap up. $200 looks good. Watch out after that with only 7% upside before more selling into strength by the street... in my opinion. So in conclusion... I would ride this to $200 then trim & trail if I had current position. Excess supply signals are piling up as you can see. in Sept - Oct 2014 Excess demand signals started calculating prior to the run after earnings then the short squeeze.
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