Kroger Company (NYSE: KR) STOCK RECOMMENDATION
| Idea | BUY |
| Buy Range | 57.75 – 60 |
| Target | 63.3 – 64 |
| StopLoss* | below 56.5 |
| Duration | 12-14 Trading Days |
| Potential Returns | 6% – 7% |
| Idea | Buy Range | Target | StopLoss* | Duration | Potential Returns |
| BUY | 57.75 – 60 | 63.3 – 64 | below 56.5 | 12-14 Trading Days | 6% – 7% |
* Once the first target hit, reset the StopLoss at your buying price.
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Kroger Company (NYSE: KR) STOCK OVERVIEW
Kroger Co. is a U.S. retailer specializing in food and drugs. It runs various store formats, including combo food and drug stores, multi-department stores, marketplace stores, and price impact warehouses. The combo stores feature natural and organic foods, pharmacies, general merchandise, pet supplies, fresh seafood, and organic produce. Multi-department stores offer clothing, home goods, outdoor items, electronics, automotive products, and toys. Marketplace stores provide full-service grocery, pharmacy, health and beauty products, perishables, and general merchandise. Price impact warehouses focus on groceries and health items, along with meat, dairy, baked goods, and fresh produce. Kroger also manufactures food products for its supermarkets and online sales, and operates fuel centers. Founded in 1883, Kroger is headquartered in Cincinnati, Ohio.
| Stock Data | |
| NYSE Symbol | KR |
| Sectoral Index | Consumer Staples |
| 52 Weeks High | 61.37 |
| 52 Weeks Low | 43.51 |
Kroger Company (NYSE: KR) - RELATIVE STRENGTH
Relative Performance - Last 1 Year
KR — NASDAQ —
Kroger Company (NYSE: KR) - DAILY TECHNICAL ANALYSIS
- The stock price has entered a significant consolidation phase, resulting in the development of an Inverted Head & Shoulders pattern.
- Following the breakout, the stock is now trading at its highest point and is expected to maintain its upward momentum.
Kroger Company (NYSE: KR) - RSI
- Current RSI of this stock is 58.54, which indicates the strength of buyers.
Kroger Company (NYSE: KR) - EMA CROSS
- The short length exponential moving average (10 EMA) has crossed the long length moving average (20 EMA) from the below, generates bullish signal. Last day’s candle has closed above all these moving averages. This suggests buyers are taking interest in this stock.
Kroger Company (NYSE: KR) - ADX & DI
- Increasing ADX value above 20, indicated the strength of the trend, thereby uptrending ADX confirms the bullish or bearish supportive decisions. Along with the rising ADX, and the +DI is above (or crossing) -DI, indicates the long trades should be favoured.
CONCLUSION - Kroger Company (NYSE: KR) STOCK PRICE FORECAST
Based on our stock trading advice in USA, Kroger Company stock price target will be USD 63.3 – USD 64 in the next 12-14 trading sessions.
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