Shares of Kraft Heinz Co. (KHC) have been in a long-term decline but the recent price action is encouraging and suggests we are finally seeing a turnaround. Let's check out the latest charts and indicators.
In this daily bar chart of KHC, below, we can see that prices have been in a sideways to lower trend the past 12 months. Recently prices have firmed to close above the 50-day moving average line and are now testing the underside of the declining 200-day moving average line.
The daily On-Balance-Volume (OBV) line is showing the start of more aggressive buying and the Moving Average Convergence Divergence (MACD) oscillator has moved above the zero line for an outright go long signal.
Bottom-line strategy: I have no idea if the dividend on KHC is safe but it certainly looks attractive now that prices are bottoming. Investors could consider the long side of KHC here.