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Shares of Krispy Kreme Doughnuts Have Risen Above Previous 52-Week High

Published on Thu, 01/31/2013 - 15:13
By Robert Cotter

Shares of Krispy Kreme Doughnuts (NYSE:KKD) traded at a new 52-week high today of $13.13. This new high was reached on below average trading volume as 792,000 shares traded hands, while the average 30-day volume is approximately 1.4 million shares.

Krispy Kreme Doughnuts share prices have moved between a 52-week high of $13.13 and a 52-week low of $5.86 and are now trading 124% above that low price at $13.11 per share. The 200-day and 50-day moving averages have moved 1.21% higher and 3.70% higher over the past week, respectively.

Krispy Kreme Doughnuts (NYSE:KKD) is currently priced 5.7% above its average consensus analyst price target of $12.36. The stock should discover initial support at its 50-day moving average (MA) of $10.18 and subsequent support at its 200-day MA of $7.74.

Krispy Kreme Doughnuts, Inc. owns, operates, and franchises retail stores that sell doughnuts. The Company operates its stores under the Krispy Kreme name and specializes in making doughnuts, including their Hot Original Glazed. Krispy Kreme fully displays the production process, also known as the doughnut making theater.

By Robert Cotter
rcotter@fnno.com