Kraft Foods Group (KRFT) Marked As A Barbarian At The Gate

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer.

Trade-Ideas LLC identified Kraft Foods Group ( KRFT) as a "barbarian at the gate" (strong stocks crossing above resistance with today's range greater than 200%) candidate. In addition to specific proprietary factors, Trade-Ideas identified Kraft Foods Group as such a stock due to the following factors:

  • KRFT has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $335.6 million.
  • KRFT has traded 2.3 million shares today.
  • KRFT traded in a range 208.2% of the normal price range with a price range of $2.71.
  • KRFT traded above its daily resistance level (quality: 5 days, meaning that the stock is crossing a resistance level set by the last 5 calendar days. The resistance price is defined by the Price - $0.01 at the time of the signal).

Stocks matching the 'Barbarian at the Gate' criteria are worthwhile stocks to watch for a variety of factors including historical back testing and volatility. Trade-Ideas targets these opportunities because the stock is exhibiting an unusual behavior while displaying positive price action. In this case, the stock crossed an important inflection point; namely, 'resistance' while at the same time the range of the stock's movement in price is more than twice its normal size. This large range foreshadows a possible continuation as the stock moves higher.

EXCLUSIVE OFFER: Get the inside scoop on opportunities in KRFT with the Ticky from Trade-Ideas. See the FREE profile for KRFT NOW at Trade-Ideas

If you liked this article you might like

3 Reasons Why Mondelez's Embattled CEO Has Failed the Oreo Cookie Maker

5 Toxic Stocks to Sell Now

Pumpkin Is the New Black -- Season's Hot Flavor Is Everywhere You Look

6 Factors That Help Sustainably Minded Firms Rake in the Green

Where to Find Free (and Almost Free) Hot Dogs on National Hot Dog Day