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Takeaway: We are removing SHAK from Investing Ideas as a short.

Please be advised that we are removing Shake Shack (SHAK) from Investing Ideas today as a short.

According to Hedgeye CEO Keith McCullough:

Longer-term short, yes – but we really wanted to signal as much between $85-95 to stop individual investors from chasing momentum up there. Now it looks range bound.

SHAK: Removing Shake Shack from Investing Ideas (As a Short) - z shak