Kellogg Co

AAA

On February 28, we mentioned that Kellogg Co. (NYSE:K) was trading near the resistance of a head and shoulders pattern. We suggested that the throwback toward the neckline was normal and that it was a sign that the bears were still in control of the direction. We noted that traders would set their targets near the January low, which did not pan out like we were expecting.

However, despite the fact that the stock did not reach our target, we've chosen to take another look at the chart because the price is testing the resistance of the neckline for the second time. We still expect that the ascending trendline will prevent the bulls from sending the price higher and we'll maintain our target price of $47.

You May Also Like

Related Analysis
  1. Stock Analysis

    Playing the Rising Robotics with the ROBO ETF

  2. Chart Advisor

    ChartAdvisor for January 30 2015

  3. Chart Advisor

    Use These Two ETFs To Profit From A Reversal In Gold

  4. Chart Advisor

    Trade Strong U.S. Small Caps with this ETF

  5. Stock Analysis

    Faceboook (FB) Revenue Surges on Mobile Ads - Stocks in the News

Trading Center