Shares of Kroger Rise Above Previous 52-Week High
Kroger (NYSE:KR) traded today at a new 52-week high of $40.99. So far today approximately 621,000 shares have been exchanged, as compared to an average 30-day volume of 3.6 million shares.
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.
Based on a current price of $40.90, Kroger is currently 6.7% above its average consensus analyst price target of $38.17. The stock should find initial support at its 50-day moving average (MA) of $38.37 and further support at its 200-day MA of $32.84.
In the past 52 weeks, shares of Kroger have traded between a low of $23.09 and a high of $40.99 and are now at $40.90, which is 77% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.6% while the 200-day MA has risen 0.7%.
SmarTrend is monitoring the recent change of momentum in Kroger. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Kroger in search of a potential trend change.
Keywords: 52 week high/lows Kroger