OptionsPlay DailyPlay

The bullish DailyPlay for Thursday, July 9th is the Kraft Heinz (KHC). KHC has experienced a 6.25% decline over the past month. Its 1M trend turned neutral but the 6M trend remains bullish. 

Fundamental View

  • Kraft sits near its lower valuation band and recently started to lift higher
  • 5.0% dividend yield provides a strong income stream for investors
  • Declining earnings trend has started to slow and potentially reverse

Technical View

  • Recent consolidation after touching $34 provides attractive long entry
  • $31 remains a major support level for long term bullish breakout
  • Strong relative strength which has accelerated over the past few months
 

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