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Watch for Shares of Kroger (KR) to Approach Resistance at $23.59

By David Diaz

Kroger (NYSE:KR) has opened bullishly above the pivot of $21.70 today and has reached the first level of resistance at $22.94. Analysts will be watching for a cross of the next upside pivot targets of $23.59 and $25.48.

Potential upside of 0.0% exists for Kroger, based on a current level of $0.00 and analysts' average consensus price target of $36.81. The stock should run into initial resistance at its 50-day moving average (MA) of $37.55 and subsequent resistance at its 200-day MA of $37.98.

In the past 52 weeks, Kroger share prices have been bracketed by a current low of $0.00 and a high of $42.75 and are now at $0.00. Over the last five market days, the 200-day moving average (MA) has gone down 0.2% while the 50-day MA has declined 0.7%.

SmarTrend is monitoring the recent change of momentum in Kroger. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Kroger in search of a potential trend change.

Keywords: pivot alerts Kroger

Ticker(s): KR