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Kroger Crosses Above its 10-day MA (KR)

By David Diaz

Kroger (NYSE:KR) crossed over its 10-day moving average of $29.32 on a volume of 2.3 million shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

Kroger share prices have moved between a 52-week high of $42.75 and a 52-week low of $27.32 and are now trading 8% above that low price at $29.64 per share. Over the past week, the 200-day moving average (MA) has gone down 0.2% while the 50-day MA has declined 0.7%.

SmarTrend recommended that its subscribers protect gains by selling shares of Kroger on January 3rd, 2017 by issuing a Downtrend alert when the shares were trading at $33.96. Since that call, shares of Kroger have fallen 14.5%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses Kroger

Ticker(s): KR