Chart Of The Day: SHAK Schwab Network podcast

A day after hitting all-time highs, Shake Shack (SHAK) shares are falling on a downgrade from Loop Capital. Ben Watson breaks down the recent price activity, identifying the significance of its move above $143 on the short-term chart. On a 1-year timeframe, Ben highlights the inverted head and shoulders pattern taking place and points to the $138 level of recent resistance, as well as the $125 level as a support zone.

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Chart of the Day: SHAK

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