Dunkin Brands Group, Inc., together with its subsidiaries, owns,
operates, and franchises quick service restaurants under the Dunkin
Donuts and Baskin-Robbins brands worldwide. The company operates in four
segments, including Dunkin' Donuts U.S., Dunkin' Donuts International,
Baskin-Robbins International, and Baskin-Robbins U.S. Its restaurants
offer coffee, donuts, bagels, ice cream, frozen beverages, baked goods,
and related products. As of March 30, 2013, the company had
approximately 10,500 Dunkin Donuts restaurants in 38 states and the
District of Columbia, and 31 other countries; and approximately 7,000
Baskin-Robbins restaurants in 44 states and the District of Columbia,
and 45 other countries. It also leases restaurant properties. Dunkin
Brands Group, Inc. is headquartered in Canton, Massachusetts.
To review Dunkin’s stock, please take a look at the 1-year chart of
DNKN (Dunkin Brands Group, Inc.) below with my added notations:
DNKN has been working its way slowly higher since bottoming at $28 in
August. In January and April the stock hit $40 as resistance (blue),
which was also a 52-week high resistance. After the stock finally
pushed above that resistance in May, DNKN has already tested the $40
level as support once, and it appears to be pulling back down to it
again.
The Tale of the Tape: DNKN broke out to a new
52-week high and now seems to be pulling back. A long trade could be
made at $40 with a stop placed below that level. A break below $40 would
negate the forecast for a continued move higher.
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