[Buying Denny's Corp (DENN)/Day Order/Limit $4.36]
Dear Member:
Many stocks under $10 lack strong fundamentals, but that doesn't mean they can't be traded. I like Denny's Corp (DENN) in its' current bounce off an uptrend line. I like the current price of $4.36. If it turned against me, my initial exit would be $4.10 for a 26 cent loss. My first upside target is $5.00. That would give about a 2:1 reward to risk ratio.
DISCLOSURE: At the time of publication, I have no position in Denn.
Sincerely,
Bill Kraft
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