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Watch for Shares of Kroger Co (KR) to Approach Resistance at $24.92

By Shiri Gupta

Shares of Kroger Co (NYSE:KR) opened today above their pivot of $24.72 and have already reached the first level of resistance at $24.83. Analysts will be watching for a cross of the next upside pivot targets of $24.92 and $25.11.

In the past 52 weeks, Kroger Co share prices have been bracketed by a low of $19.69 and a high of $37.97 and are now at $24.85, 26% above that low price. The 200-day and 50-day moving averages have moved 0.2% lower and 0.69% lower over the past week, respectively.

Kroger Co has overhead space with shares priced $24.85, or 17.2% below the average consensus analyst price target of $30.02. Kroger Co shares should first meet resistance at the 50-day moving average (MA) of $37.55 and find additional resistance at the 200-day MA of $37.98.

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 9.5%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: pivot alerts kroger co

Ticker(s): KR