short opportunitylook for a shorting opportunity. it might pull back to the resistance trendline, while at the same time being overbought and having a declining 200MA with a lower 50MA at the same time. Super weak stock
KR trade ideas
Still My Favorite Income Stock...KrogerKR I hope some took my earlier posts about KR Kroger to heart (linked), because I truly believe this is a great stock to own in an income, long term portfolio. Recent dividend hike to .16 per share quarterly, plus the added capital gains from stock price action make this a profitable stock if you own in the 20's as I do. There is still room to run upward, and as the daily chart shows there was a breakout of downtrend resistance today. Attached a weekly shot below to get a better idea of the consolidation pattern and most recent support touch. In short, I like where this stock and this company are headed in the online grocery wars to come, and with an increasing dividend, now is the time to get in and forget you own it for a while. Happy hunting and GLTA!!
Love it when plan comes together...NYSE:KR Kroger's stock is doing exactly what it should be doing right now. In my previous KR post (linked) I laid out various approaches to this one, the best was accumulation of shares to catch the gains from the stock itself as well as the recently increased dividend of now .16 per share. Shaping up technically for a run towards a gap fill, next target 26. After that we'll have to see, but if you own shares in the 20.xx area like myself, I think you'll be happy with how the remainder of 2019 turns out. Happy hunting and GLTA!!
Time to start buying and holding $KRNYSE: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!
Kroger 2019 UptrendRSI and MA anticipating an uptick in Kroger given that the earnings were in line with last year and the stock is oversold. Investors are likely to see this as undervalued over the next few months. Beware the eventual consolidation that will follow towards the end of the year and as the stock adjust to fall back in line with downward trend.
Monthly Looking like a great bounceLooking at the long-term Monthly for Kroger, we can see that this bounced on a long-term trend line of support. It doesn't otherwise appear that way, but this is a GREAT time to start accumulating your first traunch. I like to take my time accumulating and this is a clear winner for a bounce to the higher 20s. (25 is the first target).
Even in a worst-case where I choose to hold long, there is value at these levels and I fully expect a nice 8-9% ROI over the short-term, even as Margins are lowering in an already difficult business
Kroger KR Long PlaySo one of the exec's bought more shares of KR about a week ago. The stock has been in a slow steady rise since. Mixed reactions from professional analysts, but Supply and Demand is in full effect here. Although KR has been on decline for some time, I do see a target price reaching $24 a share.
Stop/Loss is set at $21 a share. This is a 2 for 1 trade off in gains to loss. Time to get hungry and take a bite on KR!!!
KR potential reversal!
KR expected to rise up to 1st resistance at 22.89 where it could potentially react off and drop down to 1st support at 21.31.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
KROGER(KR) - Does this make for a good large cap buy?This time we have strong fundamental analysis that supports an upcoming bull run. KR's earnings report came out a couple days ago and were 31.72% greater than expected! However, stronger evidence on the technical side is needed to convince me of a good buy. I'll wait on bullish confirmation from the 12 period EMA and evidence of a turnaround from the MACD.
KR Hot Day Trade Potential !KR is gaping down after earnings. Currently premarket it has a lot of good volume, so probably its going to be a key player when the market opens. Looking at the charts on the Daily and 15 min chart, you will see the pivots 22.39 as support and next after that 20.43. I will be waiting for the stock to get below the 22.39 pivot and make a lower high lower low (pullback) then I would get short. The only problem being is that the market (SPY) is getting above all time high, which means that the market is uptrending. The good news is the KR is a small/medium cap so its not directly affected by the market. I wouldn't be interested in going Long on it since its below all the major moving averages and making a lower high (look at the daily chart).
Kroger Co's chart looks horrendous pre earnings. It just simply looks like there is more downside to go and the correction is still within the C wave.To trade this pre earnings is to risky as implied volatility is very high and earnings/revenues are expected to disappoint. Best to have a wait and see approach for any possible reversal trade.
AVERAGE ANALYSTS PRICE TARGET $27.90
AVERAGE ANALYSTS RECOMMENDATION OVERWEIGHT
P/E RATIO 6.3
COMPANY PROFILE
The Kroger Co. engages in the operation of retail food and drug stores, multi-department stores, jewellery stores, and convenience stores. It also manufactures and processes some of the food for sale in its supermarkets. The combination food and drug Stores are the primary food store format. The multi department stores sells a wide selection of general merchandise items such as apparel, home fashion and furnishings, electronics, automotive products, toys and fine jewellery. The marketplace stores offer full-service grocery and pharmacy departments as well as an expanded general merchandise area that includes outdoor living products, electronics, home goods and toys. The price impact warehouse stores offer a 'no-frills, low cost' warehouse format and feature everyday low prices plus promotions for a wide selection of grocery and health and beauty care items. The company was founded by Barney Kroger in 1883 and is headquartered in Cincinnati, OH.
KR Approaching Resistance, Potential Reversal! KR is approaching its resistance where a reversal could occur.
KR Approaching Resistance, Potential Reversal! KR is approaching its resistance where a reversal could occur.
Filling the Grocery Cart GapThis gap fill will keep going to the $26.50-$26.75 range over the next few days. That's my prediction anyway
KR bullish swingKR great volume today, bouncing off the 100 SMA on the monthly chart with tweezer bottoms. Looking for a limit buy on a retrace of this long day bullish candle.
KR Approaching Support, Potential Bounce!KR is approaching support where a potential bounce to its resistance could occur.
KR appraoaching support, potential bounce! KR is approaching our first support (Horizontal swing low support, 61.8% fiboancci extension, 76.4% fibonacci retracement) where a strong bounce might occur pushing price to our first resistance (38.2% Fiboancci retracement, horizontal pullback support).
KR Approaching support, potential bounce! KR is approaching our first support at 22.85 (horizontal swing low support, 76.4% Fibonacci retracement) where we might see a bounce above this level.
