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Krispy Kreme Doughnuts, Inc. Message Board

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  • fisk007 fisk007 Jan 24, 2013 11:41 AM Flag

    Its been one heck of a Ride, iam Out. Good Luck to all the Longs

    Wow...

    I take a bit of a different look at the charts here.

    You take a look at the last 9 years you can see a clear long term REVERSE head and shoulders with a head of $1 and a neckline around $10 to $11.

    Measured move from the low of roughly $1 to $11 is a $10 move. Bring that together with the recent $10 breakout and you get a $20 to $21 area as a target. (One more reason upper teens looks like a minimum acquisition level)

    If anything...this move up by KKD looks NEW. Combine that with a new P&F Target of $27.50 and the fundamentals just screaming....things look very interesting.

 
KKD
20.980.00(0.00%)Jul 26 4:02 PMEDT