trying to learn, not putting money on this but it looks good?I drew what i think to be the trend line with the 20 day moving average, it looks to me like it has settled on a line of resistance and should go up? critique my read plz
KR trade ideas
KR EPS/trendline play perfectly sit on top of support, can buy SEP 18 calls for YOLO EPS to the moon play!
$KR - watch for entrywatching for signals for option on KR 9/2
looking good. I will most likely wait out earnings though.
One more down day then bounceExpect KR to have one more down day then bounce trend line and rocket to $36
I'm long from hereI think its hitting support right around 35.40 ish and looking for a bounce back up to 36. if it breaks 35.35, expecting 35
Kroger Beautiful Uptrend Kroger has been in a uptrend for a while.
Looking at the hourly, $34.75ish would be a good area to go long.
Your likes and comments are very appreciated
These are just my own opinions NOT advice
KR testing resistance. KR is testing resistance level in recent days.
Watch for breakout above 34.8 for an upward movement.
Disclaimer: Not an advice to sell or buy!!
KR Ready To BreakoutKeep an eye on this booger to see if she breaks out of this ascending triangle tomorrow or the next day.
Kroger to the moonGrocery doing great among COVID scare. Kroger 1/3 price of other grocery chains. Send it to the moon
Kroger Long SetupKroger might be setting up for a good long here. Ascending triangle on the daily, with the RSI and CCI fighting to make new relative highs. The recent low volume indicates accumulation. Break of relative highs at 34.5 can send KR on a near-term flight to 39.
$KR - Breaking out to new 1 Yr High. Not All Time thoughThe levels to watch for in KR.
34.50 is a heavy resistance, technically. So a pullback to $32.00 is still highly probable after a break below 33.80.
A break above 34.50 is a quick rally up to the next level. Then it will coil up for a while and get smack down really hard, if the momentum doesnt build.
@KR - BUY BASED ON CCI 20 CLOSEBUY ONLY FOR THIS ONE...
@KR
ESTIMATED EPS USD 0.49 - WILL BE UPDATED ON 10 SEP 2020
LAST EPS USD 1.54
LAST DIVIDEND PER SHARE USD 0.16
Wrong-way earnings play on Kroger offers opportunity to buyKroger reported blow-out earnings and sales today, handily beating both the Wall Street and Estimize consensuses. The stock is moving down, however, perhaps because this quarter's earnings were a blip and next quarter's earnings are expected to be in a more normal range. I could see the stock selling off over the next month or so as the "Covid-19 bump" goes away.
However, some increased demand will remain over the next few quarters as consumers remain too scared to eat at restaurants. Next quarter's estimates are lower than the current quarter, but still quite a bit higher than 2019 YoY. Also, Kroger's increased cash flow this quarter will get reinvested into the business, leading to higher earnings in the future. Based on Zacks estimates of Kroger earnings for 2021, I estimate the stock's fair value at around $37 per share.
We've got a support around $31 per share today, but the reality is that we probably will break that support and continue downward toward the volume support at $28.50. And since it's the slow season, I wouldn't even be surprised to see Kroger hit secondary volume support at $25. I will be scaling in as the stock falls, because I think Kroger is an attractive, dividend-paying investment for a recessionary environment.
