This Stock Just Broke Out

| December 30, 2021

broke outMondelez International, Inc. (NASDAQ: MDLZ) seems to be getting ready for a price bump as per the latest charts. Mondelēz, is an American multinational confectionery, food, holding and beverage, and snack food company based in Chicago, Illinois.

Bullish Indications

#1 Consolidation Area Breakout: The daily chart shows that the stock was trading within a consolidation area for the past several days. This is marked in the daily chart as a pink color rectangle. Currently, the stock has broken out of this consolidation area. Once a stock breaks out from a consolidation area, it usually moves higher.

#2 Above MAs: The stock is currently trading above its 50-day as well as 200-day SMA and had moved higher with high volume. This indicates an overall bullishness of the stock.

See the other bullish indications and recommended trade here

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Adrian Collins works as an Outreach Manager at Option Dash. Option Dash is always looking forward to offering the best covered call and cash secured put screener on the internet. Adrian is passionate about spreading knowledge on stock and options trading for the rising investors.