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Kroger Co: New 52-Week Low Set Today (KR)

By Shiri Gupta

Kroger Co (NYSE:KR) traded at a new 52-week low today of $21.92. So far today approximately 2.2 million shares have been exchanged, as compared to an average 30-day volume of 8.2 million shares.

Potential upside of 28.3% exists for Kroger Co, based on a current level of $21.92 and analysts' average consensus price target of $28.11. The stock should find initial resistance at its 50-day moving average (MA) of $24.54 and further resistance at its 200-day MA of $27.27.

In the past 52 weeks, Kroger Co share prices have been bracketed by a current low of $21.92 and a high of $32.74 and are now at $21.92. Over the past week, the 200-day moving average (MA) has gone down 0.5% while the 50-day MA has declined 0.6%.

The Kroger Co. operates supermarkets and convenience stores in the United States. The Company also manufactures and processes some of the foods that its supermarkets sell.

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 23.1%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: 52 week high/lows kroger co

Ticker(s): KR