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Is WEN positioned for a breakdown? 20 Day Moving Average Resistance shows up after sinking 3.73%
WEN closed down 3.73% on Thursday, July 30th, with volume running 0.5× below average. Multiple bearish signals emerged — 20 DMA Resistance, Fell Below 50 DMA, Fell Below 200 DMA & MACD Bearish Centerline Cross — suggesting potential weakness ahead. Key support levels exist at 7.19, 7.01 & 6.73, with resistance at 7.64, 7.91 & 8.09.
Current SwingTradeBot Technical Rating of WEN: C
This might just be the start. See what else showed up for WEN today.
Read full article here »