Breaking Finance News

BREAKING- Krispy Kreme Now Below 50 Day Moving Average (KKD)

Shares of Krispy Kreme (NYSE: KKD) reported disappointing earnings after the close Thursday. That has shares down more than 14 percent on the day and below its 50 day moving average of $20.32. The stock is currently trading at $19.98. Technically, the next level of support sits at $19.98 and below that, $19.07. Since the stock is now below the 50 day, traders will find resistance at that level.

The company reported second-quarter EPS of $0.14 versus consensus of $0.15, missing by $0.01. EPS were up 17 percent year over year. Revenue came in at $112.70 million versus the estimated $111.50 million. Sales were up 10 percent year over year.

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[stock-tools exchange="NYSE" symbol="KKD" image_height="230" image_width="350"]

Disclosure: At the time of this writing, the author had no position in the company mentioned.

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