• Return to Headlines

Shares of Wendy'S Co/The Has Risen Above Previous 52-Week High

By Shiri Gupta

Shares of Wendy'S Co/The (NASDAQ:WEN) traded at a new 52-week high today of $17.96. Approximately 294,000 shares have changed hands today, as compared to an average 30-day volume of 3.9 million shares.

The Wendy's Company operates fast-food restaurants. The Company owns, operates, and franchises fast-food restaurants located throughout countries that include the United States, Singapore, the Middle East and North Africa, the Russian Federation, the Eastern Caribbean, Argentina, the Philippines and Japan.

Over the past year, Wendy'S Co/The has traded in a range of $13.70 to $17.96 and is now at $17.82, 30% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.2% while the 200-day MA has risen 0.3%.

Potential upside of 6.6% exists for Wendy'S Co/The, based on a current level of $17.82 and analysts' average consensus price target of $19.00. The stock should discover initial support at its 50-day moving average (MA) of $16.88 and subsequent support at its 200-day MA of $16.04.

SmarTrend is monitoring the recent change of momentum in Wendy'S Co/The. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Wendy'S Co/The in search of a potential trend change.

Keywords: 52 week high/lows wendy's co/the

Ticker(s): WEN