Don't Ignore This Chart!

This Food Company Serving Up A Cup With Handle


Kraft Heinz Co (KHC) has been uptrending for several years.  On its high in August, however, a negative divergence appeared on its weekly chart and, as a result, KHC sideways consolidated for the past 8 months.  The good news is that it appears to be consolidating in a bullish cup with handle continuation pattern.  A handle forming down to the rising 20 week EMA could provide solid reward to risk entry for those interested in a consumer staples company that currently yields 2.91%.  Here's the chart:

Happy trading!


Tom Bowley
About the author: is the Chief Market Strategist at, where he provides stock market education, guidance, and trading strategies using a unique combination of technical, fundamental, and historical analysis. Tom provides members with four portfolios (Model, Aggressive, Income, and Value), all designed to beat the benchmark S&P 500, and a revolving Watch List of hundreds of companies reporting strong quarterly earnings (must beat both revenue and EPS estimates) and exhibiting technical strength as well. These companies comprise EarningsBeats' annotated Strong Earnings ChartList (SECL), from which Tom trades exclusively. Tom writes a Daily Market Report (DMR) for members to include an executive summary, market outlook, sector/industry watch, and trading ideas. Learn More
Subscribe to Don't Ignore This Chart! to be notified whenever a new post is added to this blog!
comments powered by Disqus