Kraft Foods Inc

AAA


Kraft foods released its earnings today and its shares responded by gaining nearly 2.5%. As you can see from the chart below, KFT is about to face a long-term support/resistance line, which if broken, will likely send the price of the shares higher. Another level that the bulls must overcome before the price can head higher is the 200 DMA. One interesting point is that KFT has been unable to close above its 200 DMA for the past eight months. We'd expect to see the long-term trend shift upward in the event we do see the bulls push KFT above the aforementioned resistance.



KFT1_013006.jpg




You May Also Like

Related Analysis
  1. Stock Analysis

    Does It Still Make Sense To Buy IPG Shares?

  2. Stock Analysis

    Why Should You Invest In Stratasys Today?

  3. Stock Analysis

    What’s The Best Airline Stock In the Industry?

  4. Stock Analysis

    Why Is Enterprise Products Partners So Excited?

  5. Stock Analysis

    What Are The Real Economic Costs Of Obesity?

Trading Center