Kroger saw a positive improvement to its Relative Strength (RS) Rating on Monday, rising from 88 to 91.
This exclusive rating from Investor's Business Daily identifies price action with a 1 (worst) to 99 (best) score. The score shows how a stock's price movement over the trailing 52 weeks compares to all the other stocks in our database.
Over 100 years of market history reveals that the best stocks often have an 80 or better RS Rating as they launch their biggest runs.
Here Are 3 Keys For Successful Stock Investing
Kroger is now considered extended and out of buy range after clearing a 63.59 buy point in a first-stage cup without handle. See if the stock forms a new pattern or follow-on buying opportunity like a three-weeks tight or pullback to the 50-day or 10-week line.
The company posted 0% earnings growth in its most recent report, while sales growth came in at -7%.
The company earns the No. 5 rank among its peers in the Retail-Super/Mini Markets industry group. Sprouts Farmers Market is the No. 1-ranked stock within the group.
This article was created automatically with Stats Perform's Wordsmith software using data and article templates supplied by Investor's Business Daily. An IBD journalist may have edited the article.
RELATED:
Stocks With Rising Relative Strength Ratings
Why Should You Use IBD's Relative Strength Rating?
How Relative Strength Line Can Help You Judge A Stock
Ready To Grow Your Investing Skills? Join An IBD Meetup Group!
