Shares of restaurant chain Wingstop ( WING) have rallied from a low in May. Is it the resumption of football season? Or better pricing on their key ingredient? Or is technical analysis? Let's check the charts and indicators. 
In this daily bar chart of WING, below, we can see that prices have been in a strong uptrend from June. WING is above the rising 50-day moving average line and above the bottoming 200-day line. The trading volume has increased since May and that is a positive development for old time chart watchers like myself.
The math-driven On-Balance-Volume (OBV) line has moved up with the price action and tells me that buyers of WING are more aggressive than sellers. The Moving Average Convergence Divergence (MACD) oscillator is bullish.
In this weekly Japanese candlestick chart of WING, below, we can see some overhead chart resistance in the $170-$190 area. Prices are above the now rising 40-week moving average line. There is no top reversal pattern and no upper shadows to suggest caution. Trading volume has been increasing all year.
The weekly OBV line is bullish and so is the MACD oscillator.
In this daily Point and Figure chart of WING, below, we can see a price target in the $213 area.
In this second Point and Figure chart of WING, below, we used weekly price data. Here the software suggests a price target of $265.
Bottom line strategy: Traders could look to go long shares of WING on a pullback to $160 risking to $145. The $200-$213 area is our price target.
