Heinz/HNZ
The price and volume action so far today represents a classic breakout for Heinz/HNZ, as it zips right through resistance at $42.5-43/share. Total volume aggregates quickly, and block activity also increases from prior sessions.
I suspect it will set an early-AM high, retrace slightly, base throughout the day, and then probably push higher into the close.
All in all, a good breakout. Heinz/HNZ will prove a profitable trade.
-- David M Gordon / The Deipnosophist
I suspect it will set an early-AM high, retrace slightly, base throughout the day, and then probably push higher into the close.
All in all, a good breakout. Heinz/HNZ will prove a profitable trade.
-- David M Gordon / The Deipnosophist
Labels: Company analyses
posted by David M Gordon | 6:57 AM
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