Measured Move Gives Exact Entry On Kraft Heinz $KHC

Shares of Kraft Heinz (KHC) continue to sell sharply ahead of earnings today. In 2018, Kraft Heinz has fallen from near $81 to its 52 week low today of $54.47. This whopping collapse is near completion based off a technical measured move calculation. It can be found by taking the high in 2017 to the mid-pivot of $75. That fall was $22.75. That dictates that to be a measured move and complete, Kraft Heinz has to fall a full $22.75 below the $75 level. This puts the target squarely at $52.25. In other words, Kraft Heinz is near a major pivot low and could see it in the next few days. This is likely the low of the year on the stock based on the measured move. It is a strong buy at the target.





Gareth Soloway
InTheMoneyStocks