KHC (The Kraft Heinz Company) has broken above the downtrend line highlighted in Friday’s video and offers an objective long entry on this breakout. KHC will be added as an official Long Swing Trade as well as a Growth & Income Trade idea, as the stock currently pays an attractive dividend yield of over 4%.
KHC daily June 11thHC
The current price targets are T1 at 61.82 & T2 at 66.53 with the possibility of a third price target around the 76 area to be added, depending on how the charts develop going forward. The maximum suggested stop will be a daily close below 55.83 with a suggested beta-adjusted position size of 1.0.