Kroger had its Relative Strength (RS) Rating upgraded from 65 to 78 Wednesday — a welcome improvement, but still shy of the 80 or higher score you look for.
This exclusive rating from Investor's Business Daily tracks market leadership with a 1 (worst) to 99 (best) score. The rating shows how a stock's price performance over the trailing 52 weeks stacks up against all the other stocks in our database.
History shows that the stocks that go on to make the biggest gains typically have an RS Rating of above 80 in the early stages of their moves. See if Kroger can continue to rebound and hit that benchmark.
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Kroger is now considered extended and out of buy range after clearing a 58.34 buy point in a first-stage consolidation. 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.
In terms of top and bottom line numbers, Kroger has posted two quarters of increasing earnings growth. Sales growth has not followed the same trajectory, coming in at -1% in the latest report.
Kroger 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.
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