May 20, 2019

Snack Attack with Mondelez

Mondelez International or MDLZ has been in a lovely trend. This year it has been a strong performer even under the harsh conditions as of late. The stock has broken out of a wide and long term trading range. It is clear the demand for the stock is still consistent and the upside has been clear cut. Maybe people are snacking more to Game of Thrones. I am not sure but numbers have been solid for this company and it continues to hold its own in the rough market action. While it is not a name with huge growth potential, there is something to trading a name that is as consistent to the upside like MDLZ. Don’t expect massive returns with this ticker, just more consistent ones in the near term. Keep MDLZ on your radar for now.

Follow me on Twitter: @DiscipleOfTrend

about the author:

Charles Moon

Charles Moon is a technical "whiz kid" whose experience lies in scalp/swing trading. A patient educator, Charles excels at coaching/mentoring and can make complex concepts simple. Prior to joining the ranks of Prosper Trading Academy, Charles was a proprietary equities trader with Great Point Capital LLC. Coming from a retail trading background, his experience can help those with no experience trading to seasoned veterans.

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