Bearstobulls.com

DENN - Upward Channel Buying Opportunity

Long
NASDAQ:DENN   DENNY'S CORPORATION
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1
This trade appears to be nice and simple. If the structure of the upward channel holds, I would expect a buying potential around the $10.85 level, and a sell around the $11.65 level, which would generate around 7% profit. Having completed no fundamental review of DENN , this is all based on technical analysis . If the support trend line is broken, this trade idea will be considered void.

-Bearstobulls.com
Comment: This trade is void as the trend has been broken due to poor earnings.

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