Buffalo Wild Wings (NASDAQ: BWLD)

Buffalo Wild Wings, Inc. owns, operates, and franchises restaurants primarily in the United States. It offers chicken and various food and beverage items, as well as serves bottled beers, wines, and liquor. As of February 4, 2014, the company owned and operated, and franchised approximately 1,000 Buffalo Wild Wings locations in 49 states in the United States, as well as in Canada and Mexico.
To review Buffalo’s stock, please take a look at the 1-year chart of BWLD (Buffalo Wild Wings, Inc.) below with my added notations:

Over the last 5 months BWLD had created a strong level of resistance at $152 (blue), which also constituted a 52-week high resistance. A break through that level would most likely mean higher prices for the stock. As you can see from the chart, BWLD finally broke higher yesterday and should be hitting new highs moving forward.

The Tale of the Tape: BWLD broke out to a new 52-week high. A long trade could be made near $152 with a stop placed below that level. A break back below $152 would negate the forecast for a continued move higher.
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