PPR - Krispy Kreme (KKD) Doughnuts Posssible Continuation Pocket Pivot in the Works?

Published : February 12 2013 at 13:06 ET

Krispy Kreme Doughnuts (KKD) which we first brought to your attention in our Buyable Gap-Up alert of January 4, 2013 as it moved up through the $11 price level, appears to be en route to a possible continuation pocket pivot here as it moves up and off of its 10-day moving average. KKD has also been working tight sideways in a nice 3-weeks-tight flag formation, so if it can stay positive on the day and clear 1,341,000 shares of volume on the day, it will issue a bona fide continuation pocket pivot buy point for those seeking to add to any position purchased on the January 4 BGU.

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