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Buffalo Wild Wings Shares Climbing Higher, Up 1.2%

Published on Wed, 03/27/2013 - 12:28
By Peter Chu

One of today's stocks on the move is Buffalo Wild Wings (NASDAQ:BWLD), up 1.2% to $88.04. The Dow Jones Industrial Average is now trading 0.3% lower to 14,513 and the S&P is trading 0.3% lower to 1,559.

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.

Buffalo Wild Wings share prices have moved between a 52-week high of $94.81 and a 52-week low of $68.71 and are now trading 28% above that low price at $88.04 per share. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.8%.

Based on a current price of $88.04, Buffalo Wild Wings is currently 1.4% above its average consensus analyst price target of $86.81. The stock should discover initial support at its 50-day moving average (MA) of $79.36 and subsequent support at its 200-day MA of $78.90.

By Peter Chu
pchu@fnno.com