Long Position on DNKN @ $70.90 on 1/25/2019 (Momentum)

Dunkin' Brands Group, Inc. (DNKN) develops, franchises, and licenses quick service restaurants worldwide.

The company operates through four segments: Dunkin' Donuts U.S., Dunkin' Donuts International, Baskin-Robbins International, and Baskin-Robbins U.S.

Its restaurants offer hot and cold coffee, baked goods, donuts, bagels, muffins, breakfast sandwiches, hard and soft serve ice creams, frozen yogurts, shakes, malts, floats, and cakes.

As of December 30, 2017, the company had 12,538 Dunkin' Donuts points of distribution and 7,982 Baskin-Robbins points of distribution. It franchises restaurants under the Dunkin' Donuts and Baskin-Robbins brands.

Shares are in the process of moving higher out of their bullish "cup and handle" as the restaurant sector is getting a bid. Higher share prices are expected for this stock.

Entry Point: $70.90

Stop Loss: $67.30

Trading Range: $56.77 to $77.13

Target Price: $78.00

Updates

4/1/2019 11:16:07 AM

DNKN closed at $75.25

Position closed on 4/1/2019 at price of $75.25 with a 6.14% gain in 66 days.

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