[May 22, 2012] Kraft Foods (KFT) Breaks Through Resistance at $38.77 Tweet May 22, 2012 (SmarTrend(R) News Watch via COMTEX) -- Shares of Kraft Foods (NYSE:KFT) have bullishly opened above the pivot of $38.57 today and have reached the first resistance level of $38.77. Analysts will be watching for a cross of the next upside pivot targets of $38.95 and $39.33. Potential upside of 12.5% exists for Kraft Foods, based on a current level of $38.74 and analysts' average consensus price target of $43.60. Kraft Foods shares have support at the 50-day moving average (MA) of $38.45 and additional support at the 200-day MA of $36.62. In the past 52 weeks, Kraft Foods share prices have been bracketed by a low of $31.88 and a high of $39.99 and are now at $38.74, 22% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has remained constant. SmarTrend is tracking the current trend status for Kraft Foods and will alert subscribers who have KFT in their portfolio or watchlist when shares have changed trend direction. Write to Chip Brian at [email protected] --------------------------------------------------------------------------------------------- SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.MySmarTrend.com/signup [ Back To TMCnet.com's Homepage ]