In a welcome move, Kroger saw its Relative Strength Rating improve from 68 to 77 on Tuesday.
IBD's proprietary rating measures market leadership with a 1 (worst) to 99 (best) score. The rating shows how a stock's price behavior over the trailing 52 weeks stacks up against all the other stocks in our database.
History reveals that the top-performing stocks typically have an 80 or higher RS Rating as they launch their largest climbs. See if Kroger can continue to show renewed price strength and clear that threshold.
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Kroger is working on a flat base with a 63.59 entry. See if the stock can break out in heavy trading.
In terms of top and bottom line numbers, Kroger has posted two quarters of accelerating earnings growth. Sales growth has been less impressive, coming in at -1% in the most recent quarterly report.
Kroger holds the No. 6 rank among its peers in the Retail-Super/Mini Markets industry group. Sprouts Farmers Market, Natural Grocers and Casey's General Stores are among the top 5 highly rated stocks within the group.
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