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Kroger Co Set to Possibly Pullback After Yesterday's Rally of 1.69%

By Amy Schwartz

Kroger Co (NYSE:KR) traded in a range yesterday that spanned from a low of $23.83 to a high of $24.21. Yesterday, the shares gained 1.7%, which took the trading range above the 3-day high of $23.86 on volume of 2.6 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

Over the past year, Kroger Co has traded in a range of $19.69 to $37.97 and is now at $24.09, 22% above that low. 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 recommended that its subscribers protect gains by selling shares of Kroger Co on February 9th, 2018 by issuing a Downtrend alert when the shares were trading at $27.33. Since that call, shares of Kroger Co have fallen 13.2%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: rebounders kroger co

Ticker(s): KR