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Kroger Co Bearish Moving Average Crossover Alert (KR)

By Amy Schwartz

Today, shares of Kroger Co (NYSE:KR) have crossed bearishly below their 10-day moving average of $22.70 on a volume of 1.1 million shares. This may provide swing traders with an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, shares of Kroger Co have traded between a low of $20.70 and a high of $32.74 and are now at $22.33, which is 8% above that low price. Over the past week, the 200-day moving average (MA) has gone down 0.3% while the 50-day MA has remained constant.

SmarTrend recommended that its subscribers protect gains by selling shares of Kroger Co on December 6th, 2018 by issuing a Downtrend alert when the shares were trading at $28.72. Since that call, shares of Kroger Co have fallen 19.7%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses kroger co

Ticker(s): KR