Mondelez is considered one of those ‘boring’, slow moving stocks that would put you to sleep. It’s a slow growing staples name, a spin-off from Kraft, whose major brand is Nabisco. Yet, as we see from the chart this is not a boring stock, nor has it been moving sideways. In fact, Mondelez has been one of the best performers in 2015, up well over 30% so far this year. Some would consider Mondelez as a defensive name, but not many ‘defensive’ names have performed this well in 2015. Turnover has been brisk, especially as the stock gaps higher (twice in 2015).
The chart is constructive and has broken out past the upper bollinger band, in the ‘fat tail’ of the chart. This may be a bit extended here but a pullback might be in order here, and even a gap fill would be a good spot to add a position. Given the four occasions where pullbacks offered buying chances, there may be another good opportunity down the road. The MACD is still on a buy signal but the RSI (top pane) is a bit stretched.
Mondelez International Chart Analysis
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About Mondelez International
Mondelez International, Inc., through its subsidiaries, manufactures and markets snack food and beverage products worldwide. The company offers biscuits, including cookies, crackers, and salted snacks; chocolates, and gums and candies; powdered beverages and coffee; and cheese and grocery products. Its primary brand portfolio includes LU, Nabisco and Oreo biscuits; Cadbury, Cadbury Dairy Milk, and Milka chocolates; Trident gum; Jacobs coffee; and Tang powdered beverages.
