Long Position on WEN @ $17.50 on 11/28/2018 (Momentum)

The Wendy's Company (WEN) operates as a quick-service restaurant company.

It is involved in operating, developing, and franchising a system of quick-service restaurants specializing in hamburger sandwiches.

The company's restaurants offer a range of chicken breast sandwiches, chicken nuggets, chili, French fries, baked potatoes, salads, soft drinks, desserts, and kids' meals.

As of April 20, 2018, its restaurant system included approximately 6,600 franchise and Company-operated restaurants worldwide. 

Shares have formed a bullish "flag" and higher share prices are expected for this stock.

Entry Point: $17.50

Stop Loss: $16.50

Trading Range: $14.24 - $18.68

Target Price: $19.25

Updates

2/5/2019 10:50:54 AM

WEN closed at $17.65

Position closed on 2/5/2019 at price of $17.65 with a 0.86% gain in 69 days.

Back to Portfolio