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Noodles & Company (NDLS) closed back above it's 50 day moving average last week which is bullish. Look for the 10 day moving average to break above the 50 day moving average next week which will further strengthen the technicals. Noodles & Company (NDLS) will now have resistance at $38 and $40.41. A break above $40.41 will be a strong buy signal.
Noodles & Company (NDLS) is my top long term stock pick right now and I will continue to buy on dips. I see maximum $8 downside, $100-$200 upside in the next 5-7 years.
Also see - Top Stocks 2014 - Stocks to Buy 2014
