$KKD Beware of Deliciously Glazed Donuts

$KKD is dropping post earnings tonight.

Put options will show some nice gains at the open tomorrow.

Krispy Kreme falls after results and guidance, first look
The company missed Q2 adjusted EPS estimates by 2 cents per share and cut its fiscal year 2014 outlook to a range of 59 cents to 63 cents versus consensus of 64 cents. Shares are down over 6% in the extended session to $21.79. At that price, next support is at $21.08, and then the 50-day moving average at $20.15. Resistance is at $22.04.





Known to most as Uranium Pinto Beans, Jason has more than 15 years under his belt of trading stocks, options and currencies. His expertise primarily lies in chart analysis, and he has a strong eye for undervalued stock. Because he’s got the ability to identify great risk/reward trades he usually enjoys taking the path less traveled and reaping the benefits from the adventure.

He is a co-founder of Option Millionaires, and he is best known for his weekly webinars with Scott, as well as his high level training webinars and charts found in the forums.

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