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The Kraft Heinz Company (KHC) “On a long-term technical basis, the stock (KHC) is trading below its 200-day moving average which implies it is in a negative trend. The new level of support is at 26.32.
The stock has support at 26.32 and 24.89. If the stock breaks down through support at 26.32 then it will probably continue lower to 24.89. The stock has resistance at 29.76 and at 31.60. If the stock breaks up through resistance at 29.76 then it will probably continue higher to 31.60. The 200-day moving average is at 29.95. This will also act as resistance. The stock is slightly oversold according to the Stochastic Indicator (25.48).”
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