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Krispy Kreme Doughnuts Crosses Above its 10-day MA (KKD)

By Shiri Gupta

Today, shares of Krispy Kreme Doughnuts (NYSE:KKD) have advanced above their 10-day MA of $17.52 on a volume of 11.7 million shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

Krispy Kreme Doughnuts share prices have moved between a 52-week high of $20.98 and a 52-week low of $12.90 and are now trading 62% above that low price at $20.95 per share. Over the last five market days, the 200-day moving average (MA) has gone down 0.2% while the 50-day MA has advanced 1.5%.

SmarTrend recommended that subscribers consider buying shares of Krispy Kreme Doughnuts on March 7th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $15.18. Since that recommendation, shares of Krispy Kreme Doughnuts have risen 11.1%. We continue to monitor KKD for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses krispy kreme doughnuts

Ticker(s): KKD