U.S. Markets open in 8 hrs 32 mins

Wendy's Stock Looks Hot, Definitely Not Frosty

Bruce Kamich

In the daily bar chart of WEN, below, we can see that prices successfully tested the rising 50-day moving average line. The 200-day line is still positive and the On-Balance-Volume (OBV) line has moved higher with the price action. The Moving Average Convergence Divergence (MACD) oscillator has been in a take profits mode since late April but this indicator looks like it can turn higher with the price action and generate a new buy signal.