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Wendy'S Co/The Looks to Continue to Trade Above its Annual-High Share Price Today

By Nick Russo

Wendy'S Co/The (NASDAQ:WEN) traded at a new 52-week high today of $17.36. Approximately 350,000 shares have changed hands today, as compared to an average 30-day volume of 3.4 million shares.

Wendy'S Co/The (NASDAQ:WEN) has potential upside of 9.8% based on a current price of $17.30 and analysts' consensus price target of $19.00. The stock should find resistance at its 50-day moving average (MA) of $17.53, as well as support at its 200-day MA of $17.03.

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 $17.36 and is now at $17.30, 26% above that low. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.2%.

SmarTrend is tracking the current trend status for Wendy'S Co/The and will alert subscribers who have WEN in their portfolio or watchlist when shares have changed trend direction.

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

Ticker(s): WEN