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Kroger Crosses Above its 10-day MA (KR)

By Shiri Gupta

Kroger (NYSE:KR) crossed over its 10-day moving average of $36.28 on a volume of 5.5 million shares. This may provide swing traders with 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 34% above that low price at $36.72 per share. 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 is tracking the current trend status for Kroger and will alert subscribers who have KR in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses Kroger

Ticker(s): KR