Kellogs is an action that has been approaching a very strong area marked at 75-76 USD, therefore we expect it to reach the area in the next few days, if not, there is a probability of re testing the area of 60 USD in the mid term This is a 2:1 stock
Kellogg confirmed bounce off 17 year trend line. Low beta Dividend KING with 56 years of YoY increases or level dividends. Currently at a great entry for medium(Late 2019) and long term(5+year) holds. Targets : Medium $66 Long $90 At current levels a 15 year hold would be at approximately $38 cost basis using uncompounded dividends.
Trade plan on chart with stop loss and profit target. Should tank hard once this wedge support is breached.
double bottom break signal to BUY (dotted red line)
Looking for K to move to target.
Kellogg Company has been in a clearly defined downward trend since February 2017. On April 26, Kellogg broke down and away from the wedge pattern it had been in. From this point, the stock broke down to around 68.60 which fell in line with a support trend line that began February 2014. The current resistance line is steadily dropping. The projected future...
On March 31, 2017, the Kellogg Company ( NYSE:K ) 20 day moving average (MA) cross below the 50 day MA. Historically this has occurred 82 times and the stock does not always drop. It has a median loss of 1.821% and maximum loss of 9.091% over the next 5 trading days. When we take a look at other technical indicators, the relative strength index (RSI) is at...
Short Kellogg on a downtrend continuation, under 200 MA, under 50 MA