Warren Buffett’s Snack Company: Kraft Foods

It looks like Kraft Foods is in a cup and handle pattern. The cup and handle is one of the most fundamental chart-base price patterns, because it looks like a cup with a handle when the outline of a cup is viewed from the side. This stock looks like it has legs to go higher. Kraft recently reported better than expected earnings. Billionaire Warren Buffett has a very large stake of 138 million shares which represents a 9% stake in the company and Buffett often picks winners. Barron’s take on Kraft