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Mondelez nears a bullish golden cross as cocoa prices ease and emerging markets boost growth.

Technical Signals
22 May 2026
24/7 Wall Street
View Source
Bullish
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Mondelez International is close to a golden cross, a bullish technical signal where the 50-day moving average surpasses the 200-day average, signaling potential upward momentum. The stock has gained nearly 10% in the past month, supported by easing cocoa prices and strong growth in emerging markets like AMEA and Latin America. Despite past margin pressures from cocoa costs, recent moderation and a promising cocoa crop outlook may improve profitability. Analysts remain optimistic with a $67.20 average price target, though risks like renewed cocoa inflation and geopolitical issues could affect momentum.

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