(Finance) – Great day for Hostess Brands which is achieving an increase of 18.82%.
The news that contributes to assisting the title J.M. Smuckerput up $34.25 per share in cash to buy the Kansas-based food group known for Twinkies snacks.
The value of the operation, including debt, is equal to 5.6 billion dollars.
The analysis of the stock performed on a weekly basis highlights the bullish trendline of Hostess Brands more pronounced than the trend of NASDAQ 100. This expresses the market’s greater attractiveness towards the stock.
The short term exam Hostess Brands classifies a strengthening of the bullish phase with immediate resistance seen at 33.54 USD and first support identified at 33.27. Technically, a further upward trend in the curve is expected towards new tops estimated in the 33.81 area.