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.
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Posted-In: Markets Trading Ideas