Buffalo Wild Wings (BWLD) breaking out of year-long resistance
Stock: Buffalo Wild Wings (BWLD)
Long or Short: Long
Entry: $86.53
Stop-Loss: $83.53
Chart: Buffalo Wild Wings (BWLD) Daily Swing Trade Setup
Reason for Trade: Solid setup on the radar for a few weeks now. Finally we saw BWLD break through the year-long declining resistance channel, after forming a triple bottom during that same time. Also BWLD consolidated nicely below the resistance level which allowed for it to let off some steam before finally breaking through today.
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