Long groceriesI've been patiently waiting on a setup to enter Kroger NYSE:KR for a while now. It is a fan favorite on my social media and I do nearly all my grocery shopping there. Yesterday I finally got a spike setup (Spike Alert with proper metric, at a 50% Retracement Level) that fit my criteria so I entered. While this is just another trade at the moment in the short term once profits are secured I hope for a break of the high and addition to my long term portfolio.
KR
GREAT ENTRY on $KR - Looks at this setup! Possible 20% gains!!!!It's no secret that Kroger has been absolutely slaughtering the game lately.
It is currently consolidating at the bottom of it channel and has a chance to move 20% up to the top of the channel.
Kroger's stock has gained 22% this year on the grocer’s surging sales and its participation in the U.S. vaccination campaign against COVID-19. The company is delivering millions of vaccinations to people nationwide, creating more repeat customers for its pharmacies and supermarket offerings. Kroger generated record sales of $132.5 billion in the year ended Jan. 30.
Kroger is betting that its in-store pharmacies and clinics can keep its supermarkets central to consumers’ lives even as the coronavirus recedes. Next week’s earnings could provide some insight to investors regarding the path it intends to take once the pandemic is contained.
KROGER LONG!!!
Kroger has history on its side for downward movementThis article includes bonus analysis of semi-rare occurrence. My Algorithm 2 has signaled a SELL 9 times on the daily chart for this stock. All nine times included simultaneous SELL signals on the same algorithms which triggered this morning. I have provided the usual target boxes, however, I have included additional target boxes related to historical movement after Algorithm 2 signals SELL.
Based on historical movement, the peak could occur anywhere in the larger red box. The final targets are in the green boxes. The pending bottom should occur within the larger green box as has been the historical case. Half of all movement has ended in the smaller green box. In this instance, the signal indicated SELL on August 24, 2021 with a closing price of 45.75.
If this instance is successful, that means the stock should decline to at least 45.28 which is the top of the larger green box. Three-quarters of all successful signals have the stock decline 3.041% from the signal closing price. This percentage is the top of the smaller green box. Half of all successful signals have the stock decline 5.724% which is the end point of the black dotted arrow. One-quarter of all successful signals have the stock decline 10.385% from the signal closing price which is the bottom of the smaller green box. The maximum decline on record would see a move to the bottom of the larger green box. These are the same concepts for the levels in the red boxes as well.
The ends/vertical sides of the boxes are determined in a similar fashion. The trough of the decline can occur as soon as the next trading bar after signal close, while the max decline occurs within the limit of study at 35 trading bars after the signal. A 1% decline must occur over the next 35 trading bars in order to be considered a success. Three-quarters of successful movement occur after at least 7 trading bars; half occur within 14 trading bars, and one-quarter require at least 25 trading bars.
The black dotted arrow represents median historical movement. Medians are a good metric, but they are just one of many I use when forecasting future movement.
As always, the stock could decline the very next bar after the signal without looking back (therefore the red boxes would not come into play) or the stock may never decline (and the green boxes may never come into play).
Kroger BearishI am not licensed or certified by any individual or institution to provide financial or investment advice.
I believe Kroger (KR) is in a downtrend. I have marked what I believe to be the support and resistance with purple trend lines. As of this writing (December 30, 2020 4:00pm) I am not in any positions, bearish or bullish, in KR. If KR continues up to the Resistance and then bounces down, or if it fails to reach Resistance and just continues down, I may buy some Puts.
Trade Journal: Long $KR - 4/23/2020KR has been consolidating sideways for the last 2 weeks and is a relative strength name in this current market. This trade triggered above 32.65 and I took this trade last Thursday. Interestingly, KR also has a great entry opportunity on Friday when it retested the breakout area perfectly and raised near HOD at the close.
Entry - 32.69
Stop Loss - 31.95
Target - 35
$KR Buy The Dip$KR continues to be a favorite of ours. We nailed the last dip for a trade and think the same is going to play out again for $KR. $KR also counts $BRK.B as a shareholder. It's also a safe bet as consumers still need to stock up on food as the coronavirus isn't going away anytime soon.
As always, trade with caution and good luck to all!
$KR Trading At Trendline Support$KR is a stock we really like, especially with coronavirus going around. People still need to go to the grocery store and they will stock up. This is why $KR has not gotten hit as bad as other stocks. In times like this, it's important to look for quality companies with limited downside. $KR fights that bill.
$KR trades at just 14x this year's earnings and 0.2x sales.
As always, trade with caution.
Good luck to all!
$KR Is A Must Own With $BRK.B Long$KR is a stock to own now that the Oracle of Omaha has gone long. The stock has underperformed and is down 2.52% over the past year. For investors looking for defensive positions, we think $KR is one of the best spots to park some money for the long haul. $KR also sports a 2.27% dividend yield and trades at just 12x this year's earnings.
The Kroger Co. operates as a retailer in the United States. The company operates supermarkets, multi-department stores, marketplace stores, and price impact warehouse stores. Its combination food and drug stores offer natural food and organic sections, pharmacies, general merchandise, pet centers, fresh seafood, and organic produce; and multi-department stores provide apparel, home fashion and furnishings, outdoor living, electronics, automotive products, and toys. The company's marketplace stores offer full-service grocery, pharmacy, health and beauty care departments, and perishable goods, as well as general merchandise, including apparel, home goods, and toys; and price impact warehouse stores provides grocery, and health and beauty care items, as well as meat, dairy, baked goods, and fresh produce items. It also manufactures and processes food products for sale in its supermarkets; and sells fuel through 1,537 fuel centers. As of September 25, 2019, the company operated 2,759 retail food stores under various banner names, as well as an online retail store. The Kroger Co. was founded in 1883 and is based in Cincinnati, Ohio.
As always, use protective stops and trade with caution.
Good luck to all!
$KR 12-1 AnalysisPowerful move few weeks back with rebranding in place. Investors looking for a strong earnings report to see move back to 200MA on weekly. Has been rejected prior in 2018 and start of 2019. If can reclaim that look for a big move to $31-32 levels!
Good closes above 200EMA these past few weeks showing strength after the rebranding also with only a minor selloff from highs.