Panera Bread Company (PNRA) resumes its upward journey
By Mark Moneymaster
October 28, 2009 10:01 PM
October 28, 2009 10:01 PM
Symbols: PNRA
Panera Bread Company (NASDAQ: PNRA) resumed its upward rally on Wednesday after remaining in a symmetrical triangle with 20 days and 50 days MA for a couple of months. The Panera Bread Company (PNRA) stock, which hit a 52 week high of $61 early on Wednesday, closed the session at $58.74, with a gain of 6.61% with highest volumes since May.
This confirms possible upward trend in Panera Bread Company (PNRA) stock. The next resistance for PNRA comes around $63.2, from where it faded out with high volumes in May.
Panera Bread Company (PNRA) stock rose after the company set its 2010 profit forecast higher than Wall Street estimates and it beat third-quarter expectations.
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