Friday, July 07, 2017 11:10:25 AM
As you all know, most of the leading food processing stocks have been under severe selling pressure since early June. One company that is now nearing an attractive trade level is Kraft Heinz Co(NASDAQ:KHC). This stock traded as high as $93.88 a share on June 7, 2017, today the stock trades at $82.71.
KHC stock is now approaching a very significant buy level around the $81.00 area. This level is where the stock broke out in May 2016. Very often, the major institutional trading firms will defend stocks at these important levels. This trade level should serve as a major chart support area when retested.
Nicholas Santiago
InTheMoneyStocks
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