Are you a technical investor? If so, it may be time to consider The Wendy's Company (WEN - Free Report) for your portfolio. The company just saw its 50 Day Moving Average breakout above its 200 Day Simple moving average, a trend that could indicate some bullishness in the future for WEN.
This trend may have already begun, as shares of WEN have moved by higher by 7.7% in just the past month. Plus, WEN has earned itself a Zacks Rank #2 (Buy), so there is plenty of reason to believe that the run for Castlight has plenty of life left.
More bullishness may especially be the case when investors consider what has been happening for WEN on the earnings estimate revision front lately. No estimate has gone lower in the past two months, compared to 5 higher, while the consensus estimate has also moved higher too.
So given this move in estimates, and the positive technical factors, investors may want to watch this breakout candidate closely for more gains in the near future.
Confidential from Zacks
Beyond this Tale of the Tape, would you like to see Zacks' best recommendations that are not available to the public? Our Executive VP, Steve Reitmeister, knows when key trades are about to be triggered and which of our experts has the hottest hand. Click to see them now>>
Zacks Restaurant Recommendations: In addition to dining at these special places, you can feast on their stock shares. A Zacks Special Report spotlights 5 recent IPOs to watch plus 2 stocks that offer immediate promise in a booming sector. Download it free »