Long Position on WEN @ $13.72 on 2/6/2017 (Momentum)

The Wendy's Company (WEN) operates as a quick-service restaurant company in the hamburger sandwich segment worldwide.

It is involved in operating, developing, and franchising a system of quick-service restaurants. The company's restaurants offer a range of hamburgers, chicken breast sandwiches, chicken nuggets, chili, French fries, baked potatoes, salads, soft drinks, Frosty desserts, and kids' meals.

As of November 9, 2016, its restaurant system included approximately 6,500 franchise and company-operated restaurants. The company was formerly known as Wendy's/Arby's Group, Inc. and changed its name to The Wendy's Company in July 2011.

The firm is scheduled to report its quarterly results on Februray 16th. Ahead of that, shares have formed a bullish "cup and handle." Higher share prices are expected for this stock.

52-Weeks Trading Range: $8.89 to $14.07

Entry Point: $13.72

Stop Loss: $13.10

Target Price: $15.20

Updates

3/28/2017 10:31:04 AM

WEN closed at $13.44

Position closed on 3/28/2017 at price of $13.44 with a -2.04% loss in 50 days.

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