NYSE:HNZ.P - Post by User
Post by
nwatsonon Jun 13, 2008 6:01pm
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Post# 15184503
In Heinz-sight
In Heinz-sightI don't know if anyone reads this board, but I thought I'd throw in my two cents worth.
From a technical point of view, it looks like HNZ has broken through the $48 resistance that has continuously plagued it for over a year now. It rested nicely in the 49.50 - 50.63 range since the beginning of June, something the share price has not seen since 1999. IMO, If volumes continue their trend of steadily increasing, the share price should be pushed higher. I have no clue how high it could go (or even if its going up, for that matter), but if I were to pick a three-month target price, $55 is very realistic. Let's not forget the 3.3% dividend either.
Would you like ketchup with that analysis?
Good Luck,
nwatson.,