After completing its Double Top's objective, which is hitting 8.65, Wendy's Company seems to be aiming to its blue trend, with 10.12 as its monthly objective, should the trend be bullish. Cutting through 8.98 will lead the equity back to re-test its 9 months support level at 8.65. Breaching 8.65 will lead it back to 8.22, where it would find support. An...
A lot of people are betting against Wendys but I think it is a great buy at this point. They are trying to turn the business around and open more profitable stores. I know I really enjoy Wendys when I want a cheap burger. I think this stock will be the next goto because MCD is falling hard!
Wendy's Co sell stop 10.26 stop loss 10.31 profit trgt 10.01 Safe Trades; open.spotify.com
If WEN gaps above 10.85 consider using the Retest Gap strategy. To obtain a complete free stock trading education go to www.RealLifeTrading.com
A gap on WEN above 10.85 or below 10.05 might setup a good day trade. To get a free complete stock trading education go to www.RealLifeTrading.com
Coming out of a channel. Bounced around similarly in June. Stochastics are overbought, RSI is headed to being overbought. Haven't gotten into the top BB and probably won't if the trigger confirms soon. I agree more with heading back down into the channel. EMA's have a sharper angle than in June and recently ran bullishly through the SMA's.
Oil prices are falling. The consumer basket increased. Expects growth in the company's business
Seasonal Trend for WEN Sentiment: Bearish Open Day: 05/07/14 Close Day: 05/21/14 Probability: Medium History: 16 Years Trading Calendar Days: 15 UPCOMING EVENTS May 8, 2014 Q1 2014 The Wendy's Company Earnings Conference Call - 10:00AM EDT May 8, 2014 Q1 2014 The Wendy's Company Earnings Release - 9:30AM EDT ABOUT COMPANY The Wendy’s Company is a quick-service...