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Kraft Heinz Co/T Bullish Moving Average Crossover Alert (KHC)

By Amy Schwartz

Kraft Heinz Co/T (NASDAQ:KHC) shares have crossed bullishly above their 10-day moving average of $30.86 on a volume of 1.9 million shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, shares of Kraft Heinz Co/T have traded between a low of $26.96 and a high of $64.99 and are now at $31.04, which is 15% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 1% while the 50-day MA has declined 0.4%.

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 13.4%. 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