Buffalo Wild Wings (BWLD) has been a strong performer over the past couple of weeks, and with healthy earnings to support them and the start of the football season around the corner. Plus, chicken prices have started to settle down, and new stores are opening to be rousing success. In fact, during the Q2 earnings call, the CEO said more stores are on the way to give families and sports fans an incredible experience.
The chart is the envy of many companies in this trendless market, and given the fact BWLD has held up post gap is impressive. The stock hasn’t given an inch, and it performs well at a high base. This should resolve to higher prices eventually, and after a quick test of the 10 MA that may be coming sooner rather than later. The MACD is still on a buy signal as the moving averages catch up and the stock catches its breath. A pullback could happen, but as noted by the arrows in the chart, they have been a great buying opportunities.
Buffalo Wild Wings Chart Analysis
Take a deeper dive into the chart action (Nasdaq: BWLD) and learn how to read the technicals and my analysis as I mark up our chart of the week.
Love what you’re learning in our market analysis? Don’t miss a single video! Get the latest chart action delivered directly to your inbox every week as Bob breaks down stocks to watch and potential trade options!
About Buffalo Wild Wings
Buffalo Wild Wings, Inc. owns, operates, and franchises restaurants. The companys restaurants provide various food products, and nonalcoholic and alcoholic beverages. As of December 28, 2014, it owned and operated 491 company-owned restaurants, including 487 restaurants under the Buffalo Wild Wings brand name and 4 restaurants under the PizzaRev and Rusty Taco brand names in the United States and Canada; and franchised 591 restaurants comprising 584 Buffalo Wild Wings restaurants and 7 Rusty Taco restaurants. The company was founded in 1982 and is headquartered in Minneapolis, Minnesota.
