Buffalo Wild Wings (NASDAQ:BWLD) shares have crossed bearishly below their 10-day moving average of $76.02 on a volume of 147K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.
In the past 52 weeks, Buffalo Wild Wings share prices have been bracketed by a low of $64.89 and a high of $94.81 and are now at $75.45, 16% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.3% while the 200-day MA has slid 0.3%.
There is potential upside of 13.1% for shares of Buffalo Wild Wings based on a current price of $75.45 and an average consensus analyst price target of $85.30. Buffalo Wild Wings shares should encounter resistance at the 200-day moving average (MA) of $79.77 and support at the 50-day MA of $73.90.
Buffalo Wild Wings Inc. owns, operates, and franchises casual dining restaurants. The restaurants feature made to order menu items including New York style chicken wings. The company operates restaurants in multiple states.
