Market Overview

Not Surprisingly Investors Love Noodles Too

Not Surprisingly Investors Love Noodles Too


If you are like most people then you like noodles.


It seems that Wall Street doesn't just like noodles it actually loves noodles.


Noodles & Company (NASDAQ: NDLS) [$45.90] came public on June 27, 2013 at 18 dollars and four days later it touched 52 dollars good for a 188 percent gain in just four days. This is easily one of the best performing initial public offering or IPO for the 2013 calendar year.


After such a mega IPO the stock has digested it’s IPO rally and is now showing signs of moving again as it moves out of a very well defined base.


Investors can use the current weekly closing high of $44.32 as their stop now that it is attempting to breakout as per the chart below. 

The following article is from one of our external contributors. It does not represent the opinion of Benzinga and has not been edited.

Posted-In: Markets Trading Ideas


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