Long Position on BKW @ $28.50 on 10/17/2014 (Momentum)

Burger King Worldwide, Inc. (BKW) operates and franchises fast food hamburger restaurants under the Burger King brand name.

Its restaurants offer flame-grilled hamburgers, chicken and other specialty sandwiches, French fries, soft drinks, and other food products.

As of August 26, 2014, it operated approximately 14,000 locations worldwide.

It also franchises and operates its restaurants under the Hungry Jack’s brand in Australia. 

Shares have formed a bullish "flag" that is supported by the stock's 200-day moving average. The bullish flag is formed following the news that the firm has decided to purchase Tim Horton (THI), its Canadian rival. The news sent the stock sharply higher but since then, shares have pulled back to their current level. Higher share prices are expected for this stock.

52-Week Trading Range: $18.94 - $34.20

Entry Point: $28.50

Stop Loss: $27.05

Target Price: $31.35

Updates

10/24/2014 11:44:37 AM

BKW reached our target price. Closed at $31.40.

Position closed on 10/24/2014 at price of $31.40 with a 10.18% gain in 7 days.

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