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Shares of Wendy's/Arby's Group Down on Above Average Volume, Moving Against Trend (WEN)

By Shiri Gupta

Wendy's/Arby's Group shares are trading on heavy volume today, having fallen 7.0% to $10.40. Today's volume of 4.5 million shares tops the average 30-day volume of 2.8 million shares. Unusually high volume can signify a potential turning point or validate a breakout.

SmarTrend recommended that subscribers consider buying shares of Wendy's/Arby's Group on March 21st, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $10.46. Since that recommendation, shares of Wendy's/Arby's Group have risen 6.9%. We continue to monitor WEN for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

In the past 52 weeks, shares of Wendy's/Arby's Group have traded between a low of $8.43 and a high of $11.71 and are now at $10.38, which is 23% above that low price. The 200-day and 50-day moving averages have moved 0.19% higher and 1.32% higher over the past week, respectively.

Keywords: unusual volume wendy's/arby's group

Ticker(s): WEN