• Return to Headlines

After Yesterday's Decline of 10.20%, Kroger Co Offers Investors Better Value

By Amy Schwartz

Kroger Co (NYSE:KR) traded in a range yesterday that spanned from a low of $28.30 to a high of $29.18. Yesterday, the shares fell 10.2%, which took the trading range below the 3-day low of $31.09 on volume of 20.8 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

Kroger Co share prices have moved between a 52-week high of $32.74 and a 52-week low of $19.69 and are now trading 45% above that low price at $28.50 per share. Over the past week, the 200-day moving average (MA) has gone up 0.5% while the 50-day MA has advanced 0.7%.

SmarTrend recommended that subscribers consider buying shares of Kroger Co on June 14th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $26.32. Since that recommendation, shares of Kroger Co have risen 20.6%. We continue to monitor KR for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: rebounders kroger co

Ticker(s): KR