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Kroger Company (The)Kroger Company (The)Kroger Company (The)

Kroger Company (The)

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KR trade ideas

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).
NYSE:KR
by swara7kadir
1
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.
NYSE:KR
by RedHotStocks