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

By James Quinn

Kraft Heinz Co/T (NASDAQ:KHC) shares have crossed bullishly above their 10-day moving average of $33.10 on a volume of 1.4 million shares. This may provide swing traders with an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

Kraft Heinz Co/T share prices have moved between a 52-week high of $64.99 and a 52-week low of $31.53 and are now trading 7% above that low price at $33.76 per share. Over the last five market days, the 200-day moving average (MA) has gone down 1.2% while the 50-day MA has declined 3.2%.

SmarTrend recommended that its subscribers protect gains by selling shares of Kraft Heinz Co/T on February 22nd, 2019 by issuing a Downtrend alert when the shares were trading at $35.26. Since that call, shares of Kraft Heinz Co/T have fallen 6.5%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses kraft heinz co/t

Ticker(s): KHC