Earlier this week, we looked at a casual dining stock that looks ready to break out (WING).
Shake Shack (SHAK) looks very similar.
Reasonably-priced meals that are a little better than typical fast-food could do well in a soft landing.
Or perhaps even a worse slowdown.
Here’s the chart:
Since the end of July, SHAK has been on a tear.
A break above $111.17 could lead to a big run.
And burgers and shakes for everyone.
We’ll keep an eye on it.
Happy trading,
— Scott Welsh
