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Kraft Heinz Co/T Falls 1.98% on Heavy Volume: Watch For Potential Rebound

By Shiri Gupta

Kraft Heinz Co/T (NASDAQ:KHC) traded in a range yesterday that spanned from a low of $57.72 to a high of $58.84. Yesterday, the shares fell 2.0%, which took the trading range below the 3-day low of $58.53 on volume of 1.8 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

In the past 52 weeks, Kraft Heinz Co/T share prices have been bracketed by a low of $54.11 and a high of $97.77 and are now at $58.10, 7% above that low price. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.7%.

SmarTrend is monitoring the recent change of momentum in Kraft Heinz Co/T. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Kraft Heinz Co/T in search of a potential trend change.

Keywords: rebounders kraft heinz co/t

Ticker(s): KHC