The trade price has settled above the 200-day MA. It continues to trade with solid volume higher. It has established a very solid base just below 4. I would expect on a technical basis that WEN will challenge its 52-week high on this run. As for what will happen at that point, I will leave that to you all to argue over. My feelings are that I bought low and will sell at or around the 52-week high and see what happens. It is breaks about, perhaps I will get back in. This is a good play on the reworking of its menu and an economy that is in duldrums...not to strong and not to weak...people don't necessarily want to go 'out' to eat but have to cook pasta at home every night either.
I hear you. This is my speculative holding at the moment. I do not hold a huge position so I am looking for more of a 'homerun'. Locking in profit here would be fine and all but I am holding onto my reasons for buying...when I did I thought that if the stock held onto the upper 3s than it would then retest the 52 wk highs...it held and now I expect a similar test of high helped with the solid base below us.