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TheStreet Open House

3 Big Consumer Stocks to Trade (or Not)

Stocks in this article: STZHNZMDLZ

Mondelez International

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Nearest Resistance: $28
Nearest Support: $26
Catalyst: Q4 Earnings Miss

$47 billion snack foods giant Mondelez International (MDLZ) isn't getting buoyed by its chocolate exposure this Valentine's Day. Instead, the Kraft (KRFT) spinoff gapped down more than 3% today after releasing numbers for the last quarter. Clearly, Wall Street isn't liking them.

The gap-down puts Mondelez in a less-than-awesome technical position. With shares smack-dab in between resistance at $28 and support at $26, this stock could still move materially before any sort of high probability trading opportunity pops up. For that reason, it's best to wait for MDLZ to establish some kind of price action at this new level before trying to trade this stock.

To see these stocks in action, check out the at Most-Active Stocks portfolio on Stockpickr.



-- Written by Jonas Elmerraji in Baltimore.

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At the time of publication, author had no positions in stocks mentioned.

Jonas Elmerraji, CMT, is a senior market analyst at Agora Financial in Baltimore and a contributor to TheStreet. Before that, he managed a portfolio of stocks for an investment advisory returned 15% in 2008. He has been featured in Forbes , Investor's Business Daily, and on CNBC.com. Jonas holds a degree in financial economics from UMBC and the Chartered Market Technician designation.

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