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Shares of Kraft Heinz Co/T Has Fallen Below Previous 52-Week Low

By James Quinn

Shares of Kraft Heinz Co/T (NASDAQ:KHC) traded today at $25.56, breaking its 52-week low. Approximately 2.5 million shares have changed hands today, as compared to an average 30-day volume of 8.4 million shares.

There is potential upside of 165.4% for shares of Kraft Heinz Co/T based on a current price of $25.72 and an average consensus analyst price target of $68.27. The stock should run into initial resistance at its 50-day moving average (MA) of $30.48 and subsequent resistance at its 200-day MA of $38.52.

The Kraft Heinz Company manufactures and markets food and beverage products in the United States, Canada, Europe, and internationally. Its products include condiments and sauces, cheese and dairy products, meals, meats, refreshment beverages, coffee, and other grocery products.

Kraft Heinz Co/T share prices have moved between a 52-week high of $61.68 and the current low of $25.56 and are currently at $25.72 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 0.3%.

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 26.4%. 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