Kroger Crosses Below its 10-day MA (KR)
Kroger (NYSE:KR) crossed under its 10-day moving average of $32.54 on a volume of 2.0 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 has traded in a range of $27.32 to $42.75 and is now at $32.34, 18% above that low. Over the last five market days, 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 July 28th, 2016 by issuing a Downtrend alert when the shares were trading at $34.81. Since that call, shares of Kroger have fallen 6.0%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.
Keywords: moving crosses Kroger