Shake Shack Inc (NYSE:SHAK) Target $25

Shake Shack Inc (NYSE:SHAK) Target $25

SHAKE SHACK INC closed up 0.240 at 42.230. Volume was 115% above average (neutral) and Bollinger Bands were 40% wider than normal.

Open High Low Close Volume___
42.560 43.410 40.850 42.230 221,140

Technical Outlook
Short Term: Overbought
Intermediate Term: Bullish
Long Term: Bearish

Moving Averages: 10-period 50-period 200-period
Close: 40.92 36.95 49.86
Volatility: 63 68 80
Volume: 126,925 89,367 113,021

Short-term traders should pay closer attention to buy/sell arrows while intermediate/long-term traders should place greater emphasis on the Bullish or Bearish trend reflected in the lower ribbon.

Summary

SHAKE SHACK INC is currently 15.3% below its 200-period moving average and is in an upward trend. Volatility is extremely low when compared to the average volatility over the last 10 periods. There is a good possibility that there will be an increase in volatility along with sharp price fluctuations in the near future. Our volume indicators reflect volume flowing into and out of SHAK.N at a relatively equal pace (neutral). Our trend forecasting oscillators are currently bullish on SHAK.N and have had this outlook for the last 22 periods. The security price has set a new 14-period high while our momentum oscillator has not. This is a bearish divergence.

HEFFX Momentum

Momentum is a general term used to describe the speed at which prices move over a given time period. Generally, changes in momentum tend to lead to changes in prices. This expert shows the current values of four popular momentum indicators.

Stochastic Oscillator

One method of interpreting the Stochastic Oscillator is looking for overbought areas (above 80) and oversold areas (below 20). The Stochastic Oscillator is 60.3070. This is not an overbought or oversold reading. The last signal was a sell 7 period(s) ago.

Relative Strength Index (RSI)

The RSI shows overbought (above 70) and oversold (below 30) areas. The current value of the RSI is 61.62. This is not a topping or bottoming area. A buy or sell signal is generated when the RSI moves out of an overbought/oversold area. The last signal was a buy 33 period(s) ago.

Commodity Channel Index (CCI)

The CCI shows overbought (above 100) and oversold (below -100) areas. The current value of the CCI is 107.This is an overbought reading. However, a signal isn’t generated until the indicator crosses below 100. The last signal was a sell 4 period(s) ago.

MACD

The Moving Average Convergence/Divergence indicator (MACD) gives signals when it crosses its 9 period signal line. The last signal was a buy 14 period(s) ago.

Shake Shack Inc. (Shake Shack), incorporated on September 23, 2014, is a holding company with no direct operations and its principal asset is the equity interest in SSE Holdings, LLC (SSE Holdings). The Company holds 33.3% ownership interest in SSE Holdings. SSE Holdings operates and licenses restaurants in the global restaurant industry, serving hamburgers, hot dogs, crinkle-cut fries, shakes, frozen custard, beer and wine. As of December 31, 2014, the Company had 63 Shake Shack restaurants (Shacks) in nine countries and 34 cities.

The Company owns and operates Shacks in 10 states and the District of Columbia. As of December 31, 2014, the Company had 31 company-operated Shacks in operation in the United States. The Company also has license arrangements with affiliated and unaffiliated operators to develop and operate Shacks. As of December 31, 2014, 32 licensed Shacks were in operation under license agreements in North America, Europe and Asia.

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