Noodles & Company (NDLS) has exploded higher over the last month as traders and investors buy ahead of the earnings report in a few weeks. With the Q1 earnings date set for May 5, 2015, analyst estimates have dropped down to $0.05 on $109 million in sales which should be easy to beat. If Noodles & Co does beat earnings, expect the stock to return to the $22-$25 area. If the company raises guidance, expect $25-$28.
NDLS stock has been a good buy in the $17's on every dip. I don't see much more downside from here except maybe a drop into the $15's. Shares will now have resistance at $20.76 & $21.50 ahead of earnings.
For more information in the top stocks in 2015, visit these links - Hot Stocks - Top Penny Stocks 2015 - Top Stocks 2015
