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Where Is Krispy Kreme Headed in the Long Run?
5/16/2013 4:07:00 PM
) has risen from the dead in the past year after being in the
doldrums for four years after its 2008 crash. The stock almost
tripled from June 2012 to March 2013, but it looks like its strong
run is likely over.
Click to enlarge
In the long run, major support for the stock is around the $10 level. The five-year weekly chart shows that the stock made an important breakout above the $10 level to start 2013. That is the first area where I might get interested on the long side.
Five-year weekly chart of KKD, Courtesy of Bloomberg
This item by Enis Taner was originally published on RiskReversal.com .
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