Shake Shack All Shook-Up

By | May 15, 2015

Shares of Shake Shack (SHAK) have been shaken up pretty good so far this month. The 60 minute chart shows large percentage moves over one and two day periods that would test the internal fortitude of the most committed investor, or the skills of the most nimble trader. The generalized result of all this movement is reflected by the trajectory of the linear reversion line (declining black line), which simply put, is the best-fit-straight line of price during the period.
I don’t digest fast food well, so I don’t eat it, and I don’t favor this type of price action, so I don’t trade it.


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