Nearest Support: $26
Catalyst: Q4 Earnings Miss $47 billion snack foods giant Mondelez International (MDLZ - Get Report) 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.
Twitter and become a fan on Facebook.