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Watch for Kellogg Co to Potentially Pullback After Gaining 2.92% Yesterday

By David Diaz

Kellogg Co (NYSE:K) traded in a range yesterday that spanned from a low of $61.47 to a high of $63.55. Yesterday, the shares gained 2.9%, which took the trading range above the 3-day high of $62.97 on volume of 1.8 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

In the past 52 weeks, Kellogg Co share prices have been bracketed by a low of $51.34 and a high of $74.98 and are now at $63.44, 24% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 0.2% while the 50-day MA has advanced 0.9%.

SmarTrend recommended that subscribers consider buying shares of Kellogg Co on July 18th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $56.68. Since that recommendation, shares of Kellogg Co have risen 8.6%. We continue to monitor K for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: rebounders kellogg co

Ticker(s): K