Burger King @ Year Highs

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Burger King @ Year Highs

Published on Thursday, 02 September 2010 12:37 Written by Christian Paolinetti

bkc New York, September 2nd (TradersHuddle.com) - Shares of Burger King Holdings Inc. (NYSE:BKC) booked a new 52 week high today by trading above $22.19, traders are definitely monitoring Burger King's price action to see if this move attracts further buying into the stock.

Burger King Holdings Inc. (NYSE:BKC), through its subsidiary, develops, operates, franchises, and services a worldwide chain of fast-food hamburger restaurants.

Burger King is currently trading 24.18% versus its previous trading session close, and it has calculated support and resistance at $16.45 and $17.59 respectively. Clearly with this action this range has been penetrated, and traders will be reviewing price action to establish a new tradable range

The overall market index S&P 500 is trading higher by 0.51% from its previous trading close, which means that Burger King stock is outperforming the overall market.

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