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Bearish Moving Average Cross by Kraft Heinz Co/T (KHC)

By Amy Schwartz

Kraft Heinz Co/T (NASDAQ:KHC) crossed under its 10-day moving average of $58.80 on a volume of 755K shares. This may provide swing traders with an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

Over the past year, Kraft Heinz Co/T has traded in a range of $54.11 to $97.77 and is now at $58.02, 7% above that low. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.7%.

SmarTrend is monitoring the recent change of momentum in Kraft Heinz Co/T. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Kraft Heinz Co/T in search of a potential trend change.

Keywords: moving crosses kraft heinz co/t

Ticker(s): KHC