Monday Afternoon Pop Quiz
See if you
can match the saying with the appropriate brand:
| 1. Make every day good to the last drop |
a. Post |
| 2. Take time for summertime pleasures |
b. Altoids |
| 3. Turn dinner time into family time |
c. Miracle Whip |
| 4. What do you want on yours? |
d. Stove Top |
| 5. Breakfast made right |
e. Maxwell House |
| 6. A sandwich just isn’t a sandwich without… |
f. Country Time |
| 7. Curiously strong |
g. Tombstone |
So what does
this have to do with anything? Well, all of these brands are under the Kraft
Foods
(
KFT |
Quote |
Chart |
News |
PowerRating) umbrella. In fact, KFT has been in a nice uptrend for quite
some time, and has consistently pulled back between 2 and 4 points before reaccelerating
to the upside. Currently KFT has pulled back into Fibonacci price support from
39.88-40.95. This price zone includes 9 levels. In fact, today KFT hit the zone
and bounced to the upside. So, with the trend on the upside and a nice pullback
into price support, I’m looking for opportunities to be long this stock. My
stop would be just below the 39.88 price level, which is the bottom of our support
zone. As the trade moves in my favor, I will trail the stop up.
Have a great
night.
Answers to
the quiz: 1.e 2.f 3.d 4.g. 5.a 6.c 7.b
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