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romanreyhani
Dec 15, 2015 7:37 PM

SHAK at a cross roads 

Shake Shack, Inc.NYSE

Description

SHAK has been moving steadily downward in a wedge pattern since the stock hit a high in May 2015. Although the price movements may ignore this wedge in the future and continue to trade in a limited range, there is a possibility we have a breakout to the upside or downside. That breakout, if sustained, will likely set the medium term direction of the stock.
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