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...
Whilst occupying myself looking at earnings trades over the last three weeks - I totally missed the fantastic set-ups in dining. Many have hit or are near their measured moves.
Denny's Corporation (Denny's) operates a franchised full-service restaurant chain. The Company, through its subsidiary, Denny's, Inc., owns and operates the Denny's brand. As of December 28, 2016, the Denny's brand consisted of 1,733 franchised, licensed and Company-operated restaurants around the world, including 1,610 restaurants in the United States and 123 international locations. As of December 28, 2016, 1,564 of its restaurants were franchised or licensed and 169 were Company-operated. In addition to its breakfast-all-day items, Denny's offers a selection of lunch and dinner items, including burgers, sandwiches, salads and skillet entrees, along with an assortment of beverages, appetizers and desserts. The Company's Fit Fare menu helps its guests identify items suited to their dietary needs. Most Denny's restaurants offer special items for children and seniors. The Company has restaurant locations within travel centers, primarily with Pilot and Pilot Flying J Travel Centers.
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DENN
