On Friday, Kroger got a positive adjustment to its Relative Strength (RS) Rating, from 90 to 94.
This exclusive rating from Investor's Business Daily identifies market leadership with a 1 (worst) to 99 (best) score. The grade shows how a stock's price performance over the last 52 weeks stacks up against all the other stocks in our database.
Decades of market research reveals that the best stocks often have an RS Rating of over 80 at the beginning of a new climb.
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Kroger has risen more than 5% past a 63.59 entry in a first-stage cup without handle, meaning it's now out of a proper buy range. Look for the stock to create a new chance to get in like a three-weeks tight or pullback to the 50-day or 10-week moving average.
The company reported 0% earnings growth in the latest quarterly report, while sales growth came in at -7%.
The company holds the No. 5 rank among its peers in the Retail-Super/Mini Markets industry group. Sprouts Farmers Market is the top-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.
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