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.


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