NEW YORK (TheStreet) -- Shares of Buffalo Wild Wings (BWLD) were gaining in midday trading on Wednesday.

Last week, the Minneapolis, MN-based restaurant chain posted earnings that met analysts' expectations for the 2016 third quarter.

TheStreet's Chris Versace and Bob Lang of Trifecta Stocks have identified Buffalo Wild Wings as the "Chart of the Day." Here is what Versace and Lang had to say about the company:

As the consumer is such a large part of the economy, it makes sense to watch the restaurant group very closely for signs of health or weakness. Wage growth over the years has been anemic, but expenses such as Obamacare have been rising, taking discretionary funds out of our pockets.

We can see the negative effect in names like Chipotle (CMG:NYSE), Panera Bread (PNRA:NYSE) and even McDonald's (MCD:NYSE) in the restaurant sector, but the poster child for beatings has been Buffalo Wild Wings (BWLD:NYSE) -- but only until recently.

We see the waterfall decline that started in summer, with a dramatic decline on heavy turnover. That massive move in July was fully repealed by early October, and then some. Indicators and price trends were sharply bearish, but last week's performance may be a game changer.

We see good turnover (buyers) last week post earnings -- that is where we see the gap in the chart. Relative strength is improving; the slope is quite steep (which is positive).

The moving average convergence divergence (MACD) is on a modest buy, but still not out of the woods, the resistance just ahead at the 200-day moving average and the 10- day moving average around $150.

We may stall here or perhaps lunge through that level, but a pause at overbought would be a good sign to get on board again. Log in and watch this video for more.

Chris Versace and Bob Lang "Chart of the Week: Buffalo Wild Wings" originally published on 11/2/16 on Trifecta Stocks.

Want more like this from Chris Versace and Bob Lang BEFORE your stock moves? Learn more about Trifecta Stocks now here.

Separately, TheStreet Ratings Team has a "Buy" rating with a score of B- on the stock.

The company's strengths can be seen in multiple areas, such as its revenue growth, growth in earnings per share, notable return on equity, reasonable valuation levels and good cash flow from operations.

Recently, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.

You can view the full analysis from the report here: BWLD

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