Shares of Kraft Heinz Company (KHC) have been one of the worst performers in 2019, down 40%. Since 2018 Kraft Heinz has collapsed over 60%. Based on the recent multi-factor chart alerts, 2020 may be a banner year for the company. Kraft Heinz will likely be one of the best performers in the S&P.

The multi-factor chart alert starts with a classic bull flag on the daily chart. Going into year-end, this tells smart investors and stock traders there is major accumulation going on to offset the end of year tax-loss selling. In addition, price is trading just above the 20, 50 and 200 daily moving averages. Bull flags that form just above these moving averages have an 80% success rate of playing out. This stock chart pattern is extremely bullish for a sharp move higher in January 2020.

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