Time to start buying and holding $KR
Updated
KR KR stock has been beaten down, but is shaping up technically for a run. In addition to the technicals, KR is a nice dividend play at this point in its chart. Just recently hiked their dividend to from .14 to .16 a share. Same store sales are on the rise, and the online portion for KR has been slow to develop, but is starting to make a mark. Chart shaping up very nicely for a bounce off long term support in my opinion, so multiple ways to play this one. If you are a dividend bargain hunter, I think this is a nice move at the moment, as you are looking at a recent divi increase as well as the very real possibility of stock gains from the low end of 10% to around 35% without even having to break overall resistance to do it. Gains should be realized by Jan 2020 in my opinion. Could also play various options here. I like Aug 16 C23 right now at .22 for a shorter term play, or Jan 17 2020 C26 currently around .50 apiece. Personally in the Aug 16th call given, but I am also accumulating shares in my stock portfolio as well. I think the longer term stock/dividend payout strategy is most likely the best approach for KR right now, or you could wait for the break of inner resistance if that's your trading style. I myself like to be a bit #Early and begin accumulating and cost averaging down once a stock reaches near a potential bounce area, rather than waiting for a breakout. To each their own. Happy hunting!Trade active
Man i love it when a plan comes together!! Divi increase+bigger online presence+technical chart lined up together=Gains baby, gains.
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