Wingstop Flying High

Summary

• 56% technical buy signals.
• 15 new highs and up 46.03% in the last month.
• 164% gain since it bottomed on 3/19.

The Barchart Chart of the Day belongs to the retail restaurant chain Wingstop (WING). I found the stock by sorting Barchart's New All-Time High list first by the most frequent number of new highs in the last month, then used the Flipchart function to review the charts for consistent price appreciation, Since the Trendspotter signaled a buy on 4/7 the stock gained 23.10%.

Wingstop Inc. franchises and operates restaurants. The Company's operating segment consists of the Franchise segment and the Company segment. It offers cooked-to-order, hand-sauced, and tossed chicken wings. Wingstop Inc. is headquartered in Dallas, Texas.

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Barchart's Opinion Trading systems are listed below. Please note that the Barchart Opinion indicators are updated live during the session every 10 minutes and can, therefore, change during the day as the market fluctuates. The indicator numbers shown below, therefore, may not match what you see live on the Barchart.com website when you read this report.

Barchart technical indicators:

• 56% technical buy signals
• 17.42+ Weighed Alpha
• 46.16% gain in the last year
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 15 new highs and up 46.03% in the last month
• Relative Strength Index 72.05%
• Technical support level at 110.20
• Recently traded at 113.58 with a 50 day moving average of 86.32

Fundamental factors: (Please be careful about these figures because some analysts haven't updated projections since before the crisis)

• Market Cap $3.36 billion
• P/E 149.86
• Dividend yield .39%
• Revenue projected to grow 12.10% this year and another 13.00% next year
• Earnings estimated to increase 15.10% this year, an additional 28.60^ next year and continue to compound at an annual rate of 17.70% for the next 5 years
• Wall Street analysts have 6 strong buy, 4 buy and 3 hold recommendation in place at this time
• The individual investors following the stock on Motley Fool voted 22 to 28 that the stock will lag the market
• 5,567 investors are monitoring the stock On Seeking Alpha