Wingstop Trade for Friday

Entry level $87.52 = Target price $90.91 = Stop loss $86.80
Currently held by Monthly horizontal resistance, a day trade possible on a break above $87.50
Strong volume.
Strong 7 & 12 MA support.
Rising MACD and histogram.
Upgrade details
Shares of Wingstop (NASDAQ:WING) move higher after being added to the Conviction Buy List at Goldman Sachs.

Goldman already had a Buy rating and price target of $140 on the restaurant stock, but is expressing even more confidence into Wingstop's highly-anticipated Analyst Day event on January 16.

WING +3.03% premarket to $82.70 vs. a 52-week trading range of $56.95 to $107.43.