The Kroger Moving Average Crossover Alert

Posted on 08/15/2012 by Jane Lacave

NEW YORK (AVAFIN) -- Shares of KR settled the day down $0.27 to $22.09 on lighter than average volume. On Wednesday the stock price crossed below the 50-day moving average indicating a likely bearish trend. This is a key development given that recent activity signals that the shares may continue to head lower in the foreseeable future. The stock has a 52-week range of $21.10 - $24.65.

There is often a multitude of various analysis and rationale applied by investors when determining whether to purchase or hold a stock. However, human instinct is a key driver for overall market movement. With this in mind, traders rely on analysis of support and resistance levels in order to make their investment decisions. Based on the pivot points, the current support and resistance levels for The Kroger are $21.82 and $22.34.

Kroger Company operates retail food and drug stores, multi-department stores, jewelry stores, and convenience stores throughout the United States.

The Kroger is part of the services sector and grocery stores industry and has market cap of 12.17B. The stock has gained 1.36% within the last quarter. The mean analyst rating for the stock is hold.

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