jeffreytesterman

GREAT ENTRY on $KR - Looks at this setup! Possible 20% gains!!!!

Long
NYSE:KR   Kroger Company (The)
It's no secret that Kroger has been absolutely slaughtering the game lately.

It is currently consolidating at the bottom of it channel and has a chance to move 20% up to the top of the channel.

Kroger's stock has gained 22% this year on the grocer’s surging sales and its participation in the U.S. vaccination campaign against COVID-19. The company is delivering millions of vaccinations to people nationwide, creating more repeat customers for its pharmacies and supermarket offerings. Kroger generated record sales of $132.5 billion in the year ended Jan. 30.

Kroger is betting that its in-store pharmacies and clinics can keep its supermarkets central to consumers’ lives even as the coronavirus recedes. Next week’s earnings could provide some insight to investors regarding the path it intends to take once the pandemic is contained.


KROGER LONG!!!