Choppy Waters Behind It, Mondelez on Course for Breakout

Mondelez International (MDLZ) looks like it is poised to make an upside breakout soon -- hard to believe after months and months of choppy sideways trading. Give me two paragraphs to run through the indicators and see if you agree with me.

In this daily bar chart of MDLZ, below, we can see the choppy or erratic price action we noted earlier. I am not sure how anyone could trade this stock. The up-and-down moves seem to come without warning. Since January, the price action is more "understandable." This month, MDLZ is above both the 50-day and 200-day moving average lines. Prices are near the top of a resistance area around $45.50. The On-Balance-Volume (OBV) line is not out of the woods, but it has firmed this month. The Moving Average Convergence Divergence (MACD) oscillator just turned above the zero line for an outright go-long signal....123 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

Read the full story and get access to the Real Money Pro trading floor.

There’s no substitute for a trading floor to get great ideas, so Jim Cramer created a better one at Real Money and blogs there exclusively. We then added legendary hedge fund manager, Doug Kass, with his exclusive Daily Diary and best investing ideas. Staffed with more than 4 dozen investing pros, money managers, journalists and analysts, Real Money Pro gives you a flood of opinions, analysis and actionable trading advice found nowhere else, and allows you to interact directly with each expert.

Already a Subscriber? Please login.

Except as otherwise indicated, quotes are delayed. Quotes delayed at least 20 minutes for all exchanges. Market Data provided by Interactive Data. Company fundamental data provided by Morningstar. Earnings and ratings provided by Zacks. Mutual fund data provided by Valueline. ETF data provided by Lipper. Powered and implemented by Interactive Data Managed Solutions.

TheStreet Ratings updates stock ratings daily. However, if no rating change occurs, the data on this page does not update. The data does update after 90 days if no rating change occurs within that time period.

IDC calculates the Market Cap for the basic symbol to include common shares only. Year-to-date mutual fund returns are calculated on a monthly basis by Value Line and posted mid-month.