Denny’s Corp. (DENN) — This company engages in the ownership and operation of family-style restaurants primarily in the United States, and the stock reached a high of $6.20 in July 2005.
But for four years, DENN traded lower until reaching bottom at $1.15 on March 6. Since then, however, volume has skyrocketed, the stock vaulted through its 200-day moving average. Then yesterday it jumped through its bearish resistance line at $2.75.
The stock has had a sudden move, so if you decide to play this wild speculation, use care. The trading target is $4.50 to $5. Denny’s reports its Q1 earnings on May 5 with estimates at 5 cents.
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