Trade of the Day: WEN Poised to Fill the Gap - 11/13/13


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Today's Trade of the Day is a short-term buy of Wendy's Co (NYSE: WEN), as it looks poised for a classic gap fill.

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Wendy's reported earnings on November 7 before the open. Obviously, there was something in the call that traders did not like, as the stock dropped 8.14 percent lower at the open from $9.09 to $8.35. After a volatile session of trading, Wendy's closed the day down at $8.05, which was an additional 3.6 percent drop intraday.


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Crypto Whales Are Loading Up — Are You?

New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.


Posted In: Long IdeasEducationTrading IdeasGeneral