Buffalo Wild Wings

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Buffalo Wild Wings ( BWLD) 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.


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At the time of publication, author had no positions in stocks mentioned.

Roberto Pedone, based out of Windermere, Fla., is an independent trader who focuses on stocks, options, futures, commodities and currencies. He is also an outside contributor to Beconequity.com and maintains the website Maddmoney.net, which he sold to Blue Wave Advisors in 2008. Roberto studied International Business at The Milwaukee School of Engineering, and he spent a year overseas studying business in Lubeck, Germany.

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