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Panera Bread Company (PNRA) resumes its upward journey
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Posted on 10/28/09 at 10:01pm by Mark Moneymaster
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.
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