K trade ideas
$K Kellogg Holding Support - Ex Dividend 8/31$K Kellogg with a nice top & bottom line earnings beat recently, followed by a sell-off likely related to guidance.
With that said, it's held above the 20d ema line and had a nice bounce off support around $68.70 on Friday to form what could be a bullish hammer and start of a near term uptrend.
Also of note, Ex Dividend date of 8/31 - could see additional buying leading up to this date.
Near term target: $75.00-$76.00 range by end of August
K is going up and it’s time to long I post a lot of charts and I thought that I would do one on K. Really I think the targets I made will be hit as long as K recovers fully. The first one I’m very certain is going to be hit and it’s a safe investment. If your slightly riskier you can go for 70 and if you want a pretty decent profit to 72. Not a lot of profit to be made, but enough to be worth it. Check out the other charts I did today if your interested in more things from me.
(Not giving financial advice)
Trending Kellog Chart Analysis
It's a bit late, but we see on weekly and monthly chart that NYSE:K made a nice turn on long term trendline.
Last week the chart formed a nice low around the Fibonacci 78.6.
Of course, we missed the low, but maybe we get a second chance around 60$ to enter.
Dividend
3.6% dividend
Payout ratio 58%
14 years Dividend Growth
Kellogg, They're GREEAAAT! maybe...See we may have another place for the veggie traders. If Kellogg starts making a thing of this, we may see a reaction?
Drew some lines that outline some bullish divergences.
problem- These big older companies seem to have a tuff time with balancing their budgets. I have a hard time adding something like this to anything but an active trading account, so much debt. come on guys, get your s together.
Theres a little gap up there too.. nice little bonus.
Let me know if you have any opinions on these guys, am accumulating.