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Kraft Heinz Co/T Set to Possibly Pullback After Yesterday's Rally of 1.06%

By Nick Russo

Kraft Heinz Co/T (NASDAQ:KHC) traded in a range yesterday that spanned from a low of $27.00 to a high of $27.28. Yesterday, the shares gained 1.1%, which took the trading range above the 3-day high of $27.07 on volume of 3.7 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

Kraft Heinz Co/T share prices have moved between a 52-week high of $58.08 and a 52-week low of $24.86 and are now trading 10% above that low price at $27.23 per share. Over the past week, the 200-day moving average (MA) has gone down 1.1% while the 50-day MA has declined 1.4%.

SmarTrend is tracking the current trend status for Kraft Heinz Co/T and will alert subscribers who have KHC in their portfolio or watchlist when shares have changed trend direction.

Keywords: rebounders kraft heinz co/t

Ticker(s): KHC