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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 3.1% at $30.76 in recent trading.
Today's Volume: 2.3 million
Average Volume: 2 million
Volume % Change: 119%
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From a technical perspective, DNKN is trending higher here back above its 50-day and 200-day with above-average volume. This move is quickly pushing DNKN within range of triggering a near-term breakout trade. That trade will hit once DNKN manages to clear some near-term overhead resistance levels at $31.25 to $32.25 with high volume.
Traders should now look for long-biased trades in DNKN as long as it's trending above its 200-day at $30.50, and then once it sustains a move or close above those breakout levels with volume that hits near or above 2 million shares. If that breakout triggers soon, then look for DNKN to re-test or take out its next major overhead resistance levels at $34 to $36.11