Krispy Kreme Doughnuts
Krispy Kreme Doughnuts (KKD) is a retailer and wholesaler of doughnuts complementary beverages and treats and packaged sweets. This stock is trading up 6.3% to $7.40 in recent trading.
Today's Range: $7.02-$7.4452-Week Range: $5.78-$9.47 Volume: 1.6 million Three-Month Average Volume: 613,902 >>5 Consumer Stocks Hedge Funds Love Shares of KKD are ripping higher today after the company said its second quarter revenues jumped 4.3% to $102 million compared with $98 million a year ago, but its net income plunged largely due to a higher income tax rate. From a technical perspective, KKD is exploding higher here back above its 200-day moving average of $6.96 with heavy volume. This move is quickly pushing KKD within range of triggering a major breakout trade. That trade will hit once KDD takes out some past overhead resistance levels at $7.54 to $7.61 with high volume. Traders should now look for long-biased trades in KKD as long as it holds its trend above its 200-day, and then once it sustains a move or close above those breakout levels with volume that's near or above 613,902 shares. If that breakout triggers soon, then KDD has a great chance of re-testing or possibly taking out its next major overhead resistance levels at $8.55 to $8.77.
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