Shake Shack (I’ve yet to eat at one of these magnificent places) is finally breaking through some key resistance to the upside.
First it broke the downtrend last week which was huge, and today it is gaping above and running beyond key price resistance.
Both of these developments bode well and should see a run to the next level of resistance at $41.25. Break that area and it is plausible that the stock sees a move past $45 and as high as $50 perhaps.
But for now, the bulls of this stock, I’m sure, are just glad to see it off of that God-forsaken $30 level.
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