• Return to Headlines

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

By James Quinn

Kroger Co (NYSE:KR) shares have crossed bearishly below their 10-day moving average of $31.47 on a volume of 13.6 million shares. This may provide short-term investors a chance for a short position, as such a crossover often suggests lower prices in the near term.

Over the past year, Kroger Co has traded in a range of $19.69 to $32.74 and is now at $28.59, 45% above that low. Over the last five market days, the 200-day moving average (MA) has gone up 0.5% while the 50-day MA has advanced 0.7%.

SmarTrend recommended that subscribers consider buying shares of Kroger Co on June 14th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $26.32. Since that recommendation, shares of Kroger Co have risen 20.6%. We continue to monitor KR for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses kroger co

Ticker(s): KR