KROGER Co Stock Code KR.NYS
Outlook
Recently, price dropped to a low of $30.40 and this price support had halted a decline for the next two attempts. MACD had given a divergence warning when price made the lows, hinting of a possible price low in the process of forming. Last Thursday, price broke above the cloud, which could be a sign of a possible bullish trend, moving forward. Conversion line and Base lines had a bullish crossover. Lagging Span is above price of 26 days ago but is inside the cloud at the moment. MACD is bullish and rising and a bullish crossover was seen earlier. If price can stay above $33.36, it could be heading towards the previous high of $36.40
Strategy
$33.70 BUY
$36.40 Price Target
$31.90 Risk Management Stop
3 weeks Trade Duration
