Double-Bottom Support: Here's Where I'm Buying Kraft Heinz

 | Mar 21, 2018 12:42PM ET

Shares of Kraft Heinz (NASDAQ:KHC) just tagged a major double-bottom support level from 2015, which brings its valuation into an intriguing range on an oversold chart. On a technical basis, this screams 'swing-trade bounce' to investors. I am looking at a buy here at $62 for a snap-back bounce to $68 over the next month.