This Food Company Serving Up A Cup With Handle

Kraft Heinz Co (KHC) has been uptrending for several years.  On its high in August, however, a negative divergence appeared on its weekly chart and, as a result, KHC sideways consolidated for the past 8 months.  The good news is that it appears to be consolidating in a bullish cup with handle continuation pattern.  A handle forming down to the rising 20 week EMA could provide solid reward to risk entry for those interested in a consumer staples company that currently yields 2.91%.  Here's the chart:

Happy trading!

Tom