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Kellogg Is Cruising

Published 05/06/2021, 11:16 AM
Updated 07/09/2023, 06:31 AM

Kellogg Daily Chart.

Kellogg (NYSE:K) is the top gainer in the S&P 500 Index following this morning’s solid earnings report. This powerful move is driving shares to new 2021 highs as it extends the gain off the February/March lows to 20%. Volume is running very hot in the early going and is already above the 50-day average. We expect more upside for K.

K’s big March rally lifted the stock into overbought territory (daily/MACD). The stock spent the month of April consolidating in a narrow range without giving up much ground. Shares are now well below their overbought levels as May begins.

Note: We have no position.

You can read Gary S. Morrow's original post here.

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