Let's check out the charts to see if this is a good time to go long.
In the daily bar chart of WING, below, we can see that prices have nearly doubled in just twelve months. Prices only made a shallow correction in the fourth quarter of last year and then began a rally to near par. WING is above the rising 50-day moving average line and the bullish 200-day average line.
The On-Balance-Volume (OBV) line has moved higher from March to support the price gains but in recent days the OBV line has stalled while prices have remained firm. This is only a very short-term bearish divergence and not likely to reverse the trend higher.
The Moving Average Convergence Divergence (MACD) oscillator crossed to the downside in June signaling a take profits sell.
In the weekly bar chart of WING, below, we can see that prices have more than tripled in the past three years. The rising 40-week moving average line has defined the uptrend and given us a number of buying opportunities.
The weekly OBV line is pointed up to a new high and the MACD oscillator is bullish.
In this Point and Figure chart of WING, below, we can see a bullish price target or objective of $108.
Bottom-line strategy: Stay long or go long WING at current levels risking a close below $85. The $110 area is the initial price target.