Kelloggs stock price (K) fell in the intraday levels on profit-taking, while gathering positive momentum to rise anew, amid the dominance of the upward correctional trend in the short term, with positive pressure from the 50-day SMA, coupled with positive signals from the RSI despite settling at overbought levels.

Therefore we expect the stock to return higher and target the resistance of $64.00, provided it settles above $58.23.

Trend forecast: Likely Bullish