Mondelez Suffers From Bearish Charts, Quant Downgrade

Mondelez International Inc. (MDLZ) was downgraded today by the TheStreet's Quant Ratings service. In our last purely technical review of the shares, we said "MDLZ could hold around its December low of $40.50, but I don't see strong technical reasons that it will hold for long. Save your coupons for Oreos, and look to buy MDLZ at lower levels."

In the past two weeks MDLZ has tested the $40.50 level, which has held so far, but the indicators have not improved and this quantitative downgrade today has me re-examining the latest charts and indicators. Let's take a fresh look....219 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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