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Dunkin Brands Group(DNKN - Get Report) is a franchisor of restaurants serving coffee and baked goods, as well as ice cream within the quick service restaurant segment of the restaurant industry. This stock is trading up 1.9% at $30.71 in recent trading.
Today's Volume: 1.5 million
Average Volume: 1.4 million
Volume % Change: 89%
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From a technical perspective, DNKN is bouncing here right around its 200-day moving average of $29.61 with above average volume. This move is also coming off of oversold territory, since DNKN has a current RSI reading of 35.
Traders should continue to look for long-biased trades in DNKN as long as it's trending above its 200-day at $29.51 and above some more near-term support at $29.29 with strong upside volume flows. I would consider any upside volume day that registers near or above 1,373,170 shares as bullish. If we continue to see that action, then DNKN could rebound higher toward $32 to its 50-day moving average of $33.49 in the near future.