RE: What's left to buy?
Just reviewing the technicals, K's stock price is now trading below its bottom Bollinger band by about 20 cents. That would indicate a rebound in the stock price for next week.
MACD has turned negative and moving averages are now trending lower. While not yet indicating oversold, the RSI is at 33.52 and weakening.
Moving averages: 20 day - $9.40 50 day $9.50 200 day $9.80 . Stock was pushing its 200 day MA a few days ago and now we have seen a significant drop.
These indicators tell me that there may be some short selling going on in anticipation of the earnings release in early February. What is going to be in that report? Someone is betting that the news isn't going to be pretty and acting now.
Conversely, this may lead to some short term trading opportunities. At $8.60 one could ride a rebound to $9 and make $0.40 per share in short order. That would take it back over its bottom bollinger band and towards its 20 day moving average. This could be a stock to watch next week to see if we see a bounceback on Monday or Tuesday.
Steam