Kroger had its Relative Strength (RS) Rating upgraded from 76 to 81 Monday.
IBD's unique rating measures share price performance with a 1 (worst) to 99 (best) score. The grade shows how a stock's price movement over the last 52 weeks compares to all the other stocks in our database.
Over 100 years of market history reveals that the stocks that go on to make the biggest gains often have an RS Rating north of 80 as they begin their biggest runs.
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Kroger is not currently offering a proper buying opportunity. See if the stock goes on to build a chart pattern that could ignite a new run.
Regarding top and bottom line numbers, the company has posted rising EPS growth over the last two quarters. Sales growth has not followed the same trajectory, coming in at -1% last quarter.
Kroger earns the No. 6 rank among its peers in the Retail-Super/Mini Markets industry group. Sprouts Farmers Market, Natural Grocers and Village Super Market A are among the top 5 highly rated stocks within the group.
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