Ugly double bottom for Grocery giant Kroger. Monthly #ssi is over 50 as well.
$KR continues to be a favorite of ours. We nailed the last dip for a trade and think the same is going to play out again for $KR. $KR also counts $BRK.B as a shareholder. It's also a safe bet as consumers still need to stock up on food as the coronavirus isn't going away anytime soon. As always, trade with caution and good luck to all!
$KR is a stock we really like, especially with coronavirus going around. People still need to go to the grocery store and they will stock up. This is why $KR has not gotten hit as bad as other stocks. In times like this, it's important to look for quality companies with limited downside. $KR fights that bill. $KR trades at just 14x this year's earnings and 0.2x...
MCD, GOLD, AJG, BLL, CLX, ES, KR, MKL, NEE, S, NEM
$KR is a stock to own now that the Oracle of Omaha has gone long. The stock has underperformed and is down 2.52% over the past year. For investors looking for defensive positions, we think $KR is one of the best spots to park some money for the long haul. $KR also sports a 2.27% dividend yield and trades at just 12x this year's earnings. The Kroger Co. operates...
ETR, BMY, AZN, KR, MCD, GOLD
ETR, BMY, MCD, GOLD, AZN, CAG, CPB, KR, L, LMT, NEM, NOC, Y, RTN
KR is working on completing a long-term bottom formation. The recent compression of price may result in a breakout with momentum.
Powerful move few weeks back with rebranding in place. Investors looking for a strong earnings report to see move back to 200MA on weekly. Has been rejected prior in 2018 and start of 2019. If can reclaim that look for a big move to $31-32 levels! Good closes above 200EMA these past few weeks showing strength after the rebranding also with only a minor selloff...
Pretty simple pattern and meta-pattern. Bull flag should break to 34, and the wedge breakout should carry it to the 40's. T1: 34 T2: 40
Using our Elliott Wave Indicator Suite for the TradingView platform we have identified a potential Long Swing Trading opportunity for KR on the Daily timeframe. Wave 4 pull back has found support in our Amber pullback zone, which represent an 80% probability of our automated 5th wave target zone at $27.75 being hit. The Stochastic has crossed in the oversold...
KR is approaching our first support at 22.85 (horizontal swing low support, 76.4% Fibonacci retracement) where we might see a bounce above this level.
BP is approaching our first support at 23.73 (horizontal swing low support, 100% fibonacci extension, 61.8% fibonacci retracement) where a strong bounce might occur above this level pushing price up to our major resistance at 27.11 (horizontal pullback resistance,38.2% fibonacci retracement). Stochastic (21,5,3) is also approaching support where we might see a...
KR is approaching our first resistance at 29.55 (horizontal swing high resistance, 61.8% fibonacci extension, 61.8% fibonacci retracement) where a strong drop might occur below this level pushing price down to our major support at 27.57 (horizontal swing low support). Stochastic (55,5,3) is also approaching resistance and we might see a corresponding drop in price.
KR is approaching our first support at 26.20 (horizontal overlap support, 61.8%, 50% Fibonacci retracement, 61.8 %Fibonacci extension) and price might bounce to our first resistance at 29.54 (horizontal swing high resistance, 61.8% Fibonacci retracement). Stochastic (55,5,3) is also approaching suppport.
KR is approaching support at 27.95 (61.8% Fibonacci extension, 76.4% Fibonacci retracement, horizontal swing low support, ascending support line) where it could potentially rise to its resistance at 30.43 (61.8% Fibonacci retracement, horizontal swing high resistance). RSI (34, 5, 3) is being held up by a ascending support line as well.
KR bounced nicely off its support at 28.45 (61.8% Fibonacci extension, 61.8% Fibonacci retracement, horizontal swing low support, ascending channel support) where it could potentially bounce to its resistance at 30.93 (61.8% Fibonacci extension, horizontal pullback resistance). RSI (34, 5, 3) is being held up by a corresponding ascending support line.
Kroger trades with the dollar. Since the dollar is about to get whacked so too will Kroger. Anyways, the chart is projecting a measured move from the recent highs down to around $10 some time next summer.