Krispy Kreme Doughnuts ( KKD ) has moved higher as of late, but there could definitely be trouble on the horizon for this company. That is because KKD is now in overbought territory with an RSI value of 71.96. Furthermore, estimates for the Krispy Kreme Doughnuts have been coming down, pushing it to a Zacks Rank #4 (Sell). This suggests that investors may better off exiting this stock before it falls back to Earth.
KRISPY KREME (KKD): Free Stock Analysis Report
To read this article on Zacks.com click here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
