K Near support and a good defensive name to own if we turn lower Long

KellanovaNYSE

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⋅ Jan 23, 2017 3:17 PM

K is a bit oversold and near recent support. If we get any kind of downside here it is a good defensive name to own and earnings don't come until 2/9. It is near the bottom Bollinger bands and I favor the 2/75 calls but not above $ .75...OZ