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Investors Business Daily
Investors Business Daily
Business
INVESTOR'S BUSINESS DAILY and GLENN LARKIN

Kroger Stock Upgraded, Shows Rising Relative Strength

On Monday, Kroger reached an important technical benchmark, with its Relative Strength (RS) Rating jumping into the 80-plus percentile with an upgrade to 82, up from 72 the day before.

When looking for the best stocks to buy and watch, be sure to pay attention to relative price strength.

IBD's unique rating tracks price action with a 1 (worst) to 99 (best) score. The rating shows how a stock's price performance over the last 52 weeks stacks up against all the other stocks in our database.

Over 100 years of market history reveals that the best stocks often have an 80 or higher RS Rating in the early stages of their moves.

Looking For Winning Stocks? Try This Simple Routine

Kroger is not currently showing a potential entry point. See if the stock goes on to form a promising consolidation that could ignite a new run.

Earnings growth slowed in the most recent report from 22% to 13%. But revenue moved higher, from 8% to 9%.

The company holds the No. 6 rank among its peers in the Retail-Super/Mini Markets industry group. TravelCenters of America and Arko Corp are also among the group's highest-rated stocks.

​​Stocks To Buy And Watch: Top IPOs, Big And Small Caps, Growth Stocks

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