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KHC Stopped Out After Hitting First Price Target

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KHC Stopped Out After Hitting First Price Target

The KHC (Kraft-Heinz Co.) Swing Trade + Growth & Income Trade exceeded the maximum suggested stop of any daily close below 55.83 on Sept 25th for a 5% loss (for those that did not book partial or full profits when T1 was hit).

KHC daily Oct 2nd

KHC daily Oct 2nd

The entry price on this trade was 59.27 back on June 11th, with the stock going on to hit the first target one week later for a 4.3% gain. From there, the stock continued about half-way to the second price target before reversing & steadily drifting lower.

As a Growth & Income Trade, KHC paid out a dividend of 0.625/share on Sept 14th to shareholders of record on Aug 16th. That reduced the cost basis on this trade from 59.27 to 58.645 which is the figured used to calculate the net loss on the trade based on the Sept 25th closing value of 55.66. All previous posts on this trade will now be reassigned to the Completed Trades archives for future reference.

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2018-10-02T11:10:00+00:00Oct 2, 2018 11:10am|Categories: Completed Trades - Long, Growth & Income Trades- Completed|Tags: |Comments Off on KHC Stopped Out After Hitting First Price Target