Kroger (KR) is the Chart of the Day. The Trend Spotter signaled a buy on 1/18 and since then the stock has risen 20.09%. In the last month the stock had 16 advances for a gain of 14.10%.
Article:
The Chart of the Day is Kroger (KR) with both a Trend Spotter buy and a 96% Barchart technical buy signal. The stock was found by sorting the Barchart New High list for frequency. In the last month the stock advanced 16 times for a gain of 14.10%.
The Company is one of the larger grocery retailers in the United States. They also manufacture and process food for sale by its supermarkets. The company intends to develop new food and convenience store locations and will continue to assess existing stores as to possible replacement, remodeling, enlarging, or closing.
Barchart's Opinion trading systems are listed below. Please note that the Barchart Opinion indicators are updated live during the session every 10 minutes and can therefore change during the day as the market fluctuates. The indicator numbers shown below therefore may not match what you see live on the Barchart.com web site when you read this report.
Barchart technical indicators:
- 96% Barchart technical buy signals
- Trend Spotter buy signal
- Above its 20, 50 and 100 day moving averages
- 16 new highs and up 14.10% in the last month
- Relative Strength Index 82.78%
- Barchart computes a technical support level at 32.27
- Recently traded at 32.74 with a 50 day moving average of 29.04
Fundamental factors:
- Market Cap $16.97 billion
- P/E 12.32
- Dividend yield 1.85%
- Revenue projected to grow 2.90% this year and another 4.60% next year
- Earnings estimated to increase 12.20% this year, an additional 10.50% next year and continue to rise at an annual rate of 8.20% for the next 5 years
- Analysts issued 7 strong buy, 1 buy, 6 hold and 1 sell recommendation
- Financial Strength B++
Exit strategy: Sell if you lose 10% from your entry point or the stock drops below its 50 day moving average.
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