Long Position on WING @ $51.00 on 4/19/2018 (Momentum)

Wingshop, Inc. (WING) operates and franchises more than 1,000 restaurants across the United States, Mexico, Singapore, the Philippines, Indonesia, the United Arab Emirates, Malaysia, Saudi Arabia, and Colombia.

The Wing Experts’ menu features classic and boneless wings with 11 bold, distinctive flavors including Original Hot, Cajun, Atomic, Mild, Teriyaki, Lemon Pepper, Hawaiian, Garlic Parmesan, Hickory Smoked BBQ, Louisiana Rub, and Mango Habanero. 

Wingstop’s wings are cooked to order, hand-sauced and tossed and served with a variety of house-made sides including fresh-cut, seasoned fries.

Shares of this company have broken out of a bullish "cup and handle" and are expected to head higher. The company is expected to report its quarterly results on May 3rd. This is a slow moving stock and investors should have patience if opening a position in this stock.

Entry Point: $51.00

Stop Loss: $48.45

52-Weeks Trading Range: $27.78 - $52.00

Target Price: $56.10

Updates

7/10/2018 10:42:45 AM

WING closed at $53.86

Position closed on 7/10/2018 at price of $53.85 with a 5.59% gain in 82 days.

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