Mouth Watering Opportunity to Profit from Krispy Kreme Doughnuts (NYSE: KKD) Technical Trade
Incase you haven’t had the pleasure of ever tasting one of those melt-in-you-mouth doughnuts, allow me to introduce the Winston-Salem, North Carolina-based Krispy Kreme (KKD). Krispy Kreme is a retailer and wholesaler of doughnuts. There are currently approximately 300 Krispy Kreme factory stores and 95 satellites operating system wide in the U.S., Australia, Canada, Hong Kong, Indonesia, Japan, Kuwait, Mexico, the Philippines, South Korea and the United Kingdom.
While the fundamentals of the company still look undesirable at best, things do seem to be improving. I point out this opportunity not as a fundamental play or investment, but strictly on a technical basis and trading opportunity. Here is a good short term entry point for those looking to make a quick buck and limit their risk. We are sitting on support right here and volume is increasing. I don’t need to draw the support line on the chart because the 50-Day SMA makes it very self evident.