DENN, daily
DENN, monthly
Summary
*occasionally, I'll look at a random stock..and this one was inspired by a kooky video from Redlettermedia
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Seriously though...
DENN is an Interesting company, and the last few years have seen it broadly soar from the collapse wave lows of 2003 and 2009.
See WIKI, for a broad summary
The past few years have seen revenue fall around 10%. The one good thing, Denny's remains moderately profitable, with net margins of just over 5%. Not exactly inspiring, but then the restaurant companies usually struggle to push much above 7-10%..even when everything is going well in the broader economy.
see keys stats @ yahoo finance
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In terms of price, DENN is offering a rather clear bull flag on the daily charts.
Next upside is a break above the late Nov' high of $7.51. That certainly looks viable into early January.
Back to the IPO of $10 ?
The real target for the bulls should be the original IPO (Jan 1998) price of $10.00. In the same month, it briefly hit $11.56..which remains the historic high. I will be particularly interested to see how it reacts if the broader market pulls lower in Q2/Q3 next year..before the next intermediate floor is put in.
One to watch across 2014.
