Entered a Kellog's Option position a few months back, for not a lot of money, & made massive gains today on earnings. I didn't even know today was earnings, but sold on the news. Overall still bullish on grain, as the world is expected to have a food shortage at some point, causing major pain at the grocery store. I've really been a commodities trader my whole...
K has got to be one oft the most boring stocks out there. It is positively geriatric. But it pays a 3.96% yield, an $82 fair value by Morningstar, and has a wide moat as a result of intangible assets and cost edge over competitors.
I expect the stock to break out of its short-term descending wedge by the end of spring, where it will enter the longer-term wedge...
K
BUYZONE = 56-58
Cost Avg Down (CAD) = 50-53
1st Target = 382fib 65
2nd Target = .5fib 69
3rd Target = 618fib 73
HODL Target = 87+
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I have been battling with going long on Kellogs for the whole week. The chart is saying its at the bottom of a 2 year channel. Issue I see right now it this stock is a forgotten cash cow. because its forgotten does that mean in a sell off of the broad market this will break this channel? I don't know. But this channel poses very interesting buying opportunity. I...
Founded in 1906, Kellogg is a leading global manufacturer and marketer of cereal, cookies, crackers, and other packaged foods. Its offerings are manufactured in 21 countries and marketed in more than 180 countries. Its product mix includes well-known brands such as Special K, Frosted Flakes, Froot Loops, Rice Krispies, Pop-Tarts, Eggo, Kashi, and Morningstar...
I will be honest, Kellogs have overall been quite bullish. Right now, I believe it is getting close to setup the next wave for a cup & handle at $75. That said, invest at your own risk. Everything I say is on an opinion based basis. Please do your own due diligence.
A general oversold play here, buy the dip. Price targets following the fibs, 60.50, 62.83. Low RSI indicating oversold also had a big flow for 6/18 60c recently, along with being at the fib, seems primed for a reversal.
