Kraft Foods Inc

By root | January 29, 2006 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.


You May Also Like

Related Analysis
  1. Active Trading Fundamentals

    Invest In Gold Through ETFs

  2. Trading Strategies

    How To Best Analyze Relative Strength

  3. Stock Analysis

    Why Kinder Morgan's Backlog Keeps Slipping

  4. Fundamental Analysis

    Why Last In First Out Is Banned Under IFRS

  5. Taxes

    Presidential Candidates And Wall Street In 2016

Trading Center