NEW YORK (TheStreet) -- Buffalo Wild Wings (BWLD) reports first quarter results after the bell Monday. But many investors on StockTwits.com say they're not risking a long bet on the sports bar chain before earnings.
$BWLD is it worth playing ER? If so call or put? Whats the feel?-- Cap (@Captn) Apr. 27 at 10:57 PM
@Captn i dont know. u like playing routllette?-- Pete (@BahamasBound) Apr. 27 at 10:58 PM
There are three reasons to be wary of the stock ahead of its report, say investors. The geopolitical climate has soured risk appetites, making investors more likely to focus on any bad news to emerge in the earnings announcement. The long, snowy winter in the U.S. fell in the middle of Buffalo Wild Wings' aggressive expansion plans, potentially pressuring top line growth, while expenses cut more deeply into profits. And the chart doesn't indicate an upward trajectory.
Buffalo Wild Wings shares have declined 12.7% from an all-time high of $159 on March 21. Some technicians see a bearish head and shoulders pattern in the chart that suggests further declines in the near future.
$BWLD H&S pattern on watch!-- Institutional Volume Analyst (@Stockoptionexpert) Apr. 26 at 10:47 PM