Daily Stock Plays

DNKN 60 Minute Opening Range Breakout - How To Day Trade It

DNKN, Dunkin Brand Group Inc, gapped up slightly after a small range day the day before, only 0.62 of an ATR, very bullish. When DNKN traded over the 60 minute opening range high of 46.45, the long trade was triggered. DNKN had a very shallow pull back, another very bullish signal, to 46.43 providing a good entry point. DNKN traded up to 46.70, a nice day trade. But this was not the best trade of the day. DNKN then pulled back to the 240 EMA on the 5 minute chart, 46.49, which is roughly the 20 EMA on the hourly chart. This is where swing traders and institutions buy the stock. DNKN traded up to 47.09 after the pullback to the 240 EMA.

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