Kellogg tries to shake off negative pressure - Analysis - 22-06-2022

2022-06-22 12:34:29 GMT (Economies.com)
 

Kellogg's stock (K) surged after reporting plans to divide to three different companies, marking a session-high at 71.26, before bouncing lower and trimming the gains to 1.95%, or 1.32 points, and settling at 68.86, with trading volumes surpassing 11.1 million shares, above 10-day averages of 3.5 million shares. 

 

The stock is rising amid the dominance of the upward short-term trend, with positive signals from the RSI after reaching oversold levels, as the stock tries to shake off negative pressure from the 50-day SMA. 

 

Therefore we expect more gains for the stock, targeting the pivotal resistance of 75.56, provided the support of 66.87 holds on.

 

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Expected trend for today: Bullish

 
 
 
  Symbol Last Change Chg.%
1.0427
-0.0154
1.4550%
1.2096
-0.0176
1.4311%
19.698
-1.669
7.811%
108.022
0.605
0.563%
111.50
2.47
2.27%
1799.775
-29.770
1.627%
 
 
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