(Finance) – It is moving strongly upwards Krispy Kremewhich changes hands with a strong gain, exceeding the previous values by 5.60%.
The promotion of Piper Sandler contributes as an assist: the rating on the donut manufacturer’s stock has been revised upwards to “overweight” from the “neutral” indicated previously.
If you analyze the performance of the stock with the Nasdaq 100 on a weekly basis, it turns out that the stock shows perfect alignment with the reference index, in terms of relative strength.
The medium-term implications of Krispy Kreme confirm the presence of a bullish trend. However, the short-term scenario highlights an exhaustion of the positive strength at the resistance test identified at 15.8 USD with the first support seen at 14.64. Expectations are for a negative extension in an appropriately short time towards 14.18.