The stock market has been relatively stagnant since Thanksgiving, and traders appear to be waiting for more economic data. This has impacted restaurants like Denny's Corp. (DENN).
We're at the midpoint of this trade, with our target date set for Thursday, Dec. 14, and the stock is still trading below its target of $10.28. Support at $9.50 continues to hold, which should give the stock another opportunity to bounce higher in the coming weeks.
Last Wednesday, we recommended setting a limit order to exit the position with a "Good Till Canceled" (GTC) price of $10.00 (or better if the stock is trading higher). A GTC order stays active until you cancel it.
So, if you haven't done so already...
Set a limit order to sell Denny's Corp. (DENN) for$10.00, Good Till Canceled.
Trade Notes
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Sincerely,
John Jagerson & Wade Hansen Analysts, Predictive Alpha Prime
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