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Buffalo Wild Wings(BWLD - Get Report) is an owner, operator and franchisor of restaurants featuring a variety of menu items, including its Buffalo, New York-style chicken wings spun in any of its 14 signature sauces or four signature seasonings. This stock is trading up 1% at $83.24 in recent trading.
Today's Volume: 468,000
Average Volume: 589,030
Volume % Change: 79%.
From a technical perspective, BWLD is bouncing off some previous support at around $81.63 with decent volume. This move is pushing the stock within range of its 50-day
moving average of $84.47.
Traders should now look for long-biased trades once BWLD takes out its 50-day at $84.47 with high volume. Look for a sustained move or close above $84.47 with volume that's near or above 589,030 shares. If we get that action soon, then BWLD could easily re-test and possibly take out its July high of $88.85 ahead of its earnings report on July 24.
To see more stocks rising on unusual volume, check out the
Stocks Rising On Unusual Volume portfolio on Stockpickr.
-- Written by Roberto Pedone in Winderemere, Fla.