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Kraft Heinz Co/T: The Losing Streak Continues (KHC)

By Shiri Gupta

Kraft Heinz Co/T (NASDAQ:KHC) traded at a new 52-week low today of $53.27. This new low was reached on below average trading volume as 1.5 million shares traded hands, while the average 30-day volume is approximately 6.2 million shares.

In the past 52 weeks, Kraft Heinz Co/T share prices have been bracketed by a current low of $53.27 and a high of $97.77 and are now at $53.53. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.6% while the 200-day MA has slid 0.7%.

The Kraft Heinz Company produces food products. The Company distributes dairy products, sauces, flavored milk powders, and other products. Kraft Heinz serves customers worldwide.

Kraft Heinz Co/T has overhead space with shares priced $53.53, or 21.6% below the average consensus analyst price target of $68.27. The stock should find initial resistance at its 50-day moving average (MA) of $58.08 and further resistance at its 200-day MA of $63.33.

SmarTrend recommended that its subscribers protect gains by selling shares of Kraft Heinz Co/T on July 19th, 2018 by issuing a Downtrend alert when the shares were trading at $61.45. Since that call, shares of Kraft Heinz Co/T have fallen 12.4%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: 52 week high/lows kraft heinz co/t

Ticker(s): KHC