• Return to Headlines

Kroger Co Crosses Above its 10-day MA (KR)

By Shiri Gupta

Today, shares of Kroger Co (NYSE:KR) have crossed bullishly above their 10-day moving average of $22.13 on a volume of 3.3 million shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, shares of Kroger Co have traded between a low of $20.46 and a high of $37.97 and are now at $22.33, which is 9% above that low price. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.7% while the 200-day MA has slid 0.2%.

SmarTrend recommended that its subscribers protect gains by selling shares of Kroger Co on June 15th, 2017 by issuing a Downtrend alert when the shares were trading at $25.80. Since that call, shares of Kroger Co have fallen 15.2%. 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