• Return to Headlines

Watch for Kroger Co to Potentially Rebound After Falling 1.95% Yesterday

By Shiri Gupta

Kroger Co (NYSE:KR) traded in a range yesterday that spanned from a low of $21.49 to a high of $22.41. Yesterday, the shares fell 1.9%, which took the trading range below the 3-day low of $22.08 on volume of 6.8 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

Over the past year, Kroger Cohas traded in a range of $21.49 to $32.74 and are now at $21.74. Over the past week, the 200-day moving average (MA) has gone down 0.5% while the 50-day MA has declined 0.6%.

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 23.1%. 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