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Kroger Co Set to Possibly Rebound After Yesterday's Selloff of 1.25%

By David Diaz

Kroger Co (NYSE:KR) traded in a range yesterday that spanned from a low of $23.49 to a high of $24.83. Yesterday, the shares fell 1.3%, which took the trading range below the 3-day low of $23.94 on volume of 5.9 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

In the past 52 weeks, Kroger Co share prices have been bracketed by a low of $22.44 and a high of $32.74 and are now at $23.69, 6% above that low price. Over the past week, the 200-day moving average (MA) has gone down 0.4% while the 50-day MA has remained constant.

SmarTrend recommended that its subscribers protect gains by selling shares of Kroger Co on December 6th, 2018 by issuing a Downtrend alert when the shares were trading at $28.72. Since that call, shares of Kroger Co have fallen 16.6%. 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