Slam Dunk for Dunkin' (DNKN)?
by Mike Paulenoff
April 10, 2015 • 8:00 PM EDT
On Tuesday April 7, Mike added Dunkin' Brands Group, Inc. (DNKN) as a short-term trade set-up. He noted that the stock since April 2014 has carved out a massive accumulation/base formation that is putting increasing pressure on key resistance lodged between 48.00 and 49.00.
Mike added a 1/2 position at 48.05, and then another 1/2 on Friday at 49.22. The stock closed the week at 49.26, with Credit Suisse having elevated the stock to its prestigious U.S. Focus List, noting the company looks promising because of an improving macro environment for low-income consumers, increased pricing power, mobile, and loyalty benefits.
Technically, Mike's work points to 52-53 next.
Mike Paulenoff is the author of MPTrader.com, a real-time diary of his technical analysis & trade alerts on
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