Shares of Krispy Kreme Doughnuts Has Risen Above Previous 52-Week High
Krispy Kreme Doughnuts (NYSE:KKD) traded today at a new 52-week high of $24.07. Approximately 226,000 shares have changed hands today, as compared to an average 30-day volume of 1.4 million shares.
In the past 52 weeks, Krispy Kreme Doughnuts share prices have been bracketed by a low of $6.77 and a high of $24.07 and are now at $23.77, 251% above that low price. The 200-day and 50-day moving averages have moved 1.67% higher and 0.72% higher over the past week, respectively.
Krispy Kreme Doughnuts, Inc. owns, operates, and franchises retail stores that sell doughnuts. The Company operates its stores under the Krispy Kreme name and specializes in making doughnuts, including their Hot Original Glazed. Krispy Kreme fully displays the production process, also known as the doughnut making theater.
Krispy Kreme Doughnuts (NYSE:KKD) has potential upside of 3.3% based on a current price of $23.77 and analysts' consensus price target of $24.56. The stock should find initial support at its 50-day moving average (MA) of $21.02 and further support at its 200-day MA of $16.62.
SmarTrend is monitoring the recent change of momentum in Krispy Kreme Doughnuts. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Krispy Kreme Doughnuts in search of a potential trend change.
Keywords: 52 week high/lows krispy kreme doughnuts