Wednesday was a wake up call for those long the stock.
The restaurant operator missed on earnings but doubled its dividend, while the aircraft parts supplier reveals it will be restating results over two years.
Let's review the charts and indicators of WEN.
Jana Partners indicates its plans to nominate a few director candidates to the restaurant operator's board.
The burrito restaurant chain's stock could surpass the $1,000 barrier based on its charts, though current owners would do well to put in stops.
The chicken wing restaurant could trade sideways near term based on its charts, which would present an opportunity to acquire its shares.
If YUM wanted to go big in casual dining, it could make a play for Dine Brands Global.
Traders and fast food junkies could go long MCD at current levels.
The deals that has been taking place in the industry in the last few years are likely to continue.
Shares of the restaurant operator in China are taking it on the chin due to the coronavirus; watch this key technical indicator for a bottom.