DNKN Follows our Preferred Technical Scenario: A Thrust Out of a Powerful Base Formation

Much more often than not, when a stock arduously carves out a rounded 14-month base-accumulation pattern, there is a catalytic event that triggers the thrust towards the upside potential of the pattern.

This morning’s impressive earnings report for Dunkin' Brands Group, Inc. (DNKN) was just such a catalyst that has propelled the stock to the 52.00 area in route to my optimal-target zone in the vicinity of 54.00, with my outlier target at 56.00-57.00.

DNKN is a “keeper” in the retail sector amidst a lukewarm domestic economy.

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