MDLZ ACCUMULATION STRONGER THAN SPYNASDAQ:MDLZ AMEX:SPY
MDLZ - on the weekly Chart there is very long Accumulation and looks like Re accumulation now
for now i am waiting the Market will cool down from the Corona Virus and will see how the bounce in last week will affect
for now to follow but it looks nice for big target
thanks
MDLZ trade ideas
Mondelez bullish break of downtrend. Entry level $54.90 = Target price $56.63 = Stop loss $54.25
Indicators all bullish
Break of downtrend broken
Very impressive increase in volume.
P/E ratio 20
Company profile
Mondelez International, Inc. engages in the manufacture and marketing of snack food and beverage products. It operates through the following geographical segments: Latin America; Asia, Middle East, and Africa; Europe; and North America. Its products include beverages, biscuits, meals, chocolate, gum, and candy. Its brands include but not limited to Nabisco, Oreo, and LU biscuits; Cadbury, Cadbury Dairy Milk, and Milka chocolates; and Trident gum. The company was founded by James Lewis Kraft in 1903 is headquartered in Deerfield, IL
Mondelez a breakout treat.NASDAQ:MDLZ is good old boring consumer goods company which has outperformed many of the more glamorous and trendy retails and tech heavy weights.
The company is providing a steady yield and continues to expand and grow as the consumer becomes more and more health consious.
AVERAGE ANALYSTS PRICE TARGET $61
AVERAGE ANALYSTS RECOMMENDATION Overweight
P/E RATIO 22
YIELD 2%
COMPANY PROFILE
Mondelez International, Inc. engages in the manufacture and marketing of snack food and beverage products. It operates through the following geographical segments: Latin America; Asia, Middle East, and Africa; Europe; and North America. Its products include beverages, biscuits, meals, chocolate, gum, and candy. Its brands include but not limited to Nabisco, Oreo, and LU biscuits; Cadbury, Cadbury Dairy Milk, and Milka chocolates; and Trident gum. The company was founded by James Lewis Kraft in 1903 is headquartered in Deerfield, IL.
Buy opportunity: Mondelez golden cross and trend line supportNASDAQ:MDLZ had a golden cross on the daily chart. Price is above the 50MA and 200MA, those provide good support. Trend line/parallel channel also gives support.
Entry strategy: wait for the next bullish candle which confirms the uptrend and cross above 42.96
TP: 44.85
SL: 41.50