One important metric to look for in a stock is an 80 or higher Relative Strength Rating. Kroger stock now clears that threshold, with a jump from 71 to 87 Monday.
When looking for the best stocks to buy and watch, be sure to pay attention to relative price strength.
This exclusive rating from Investor's Business Daily tracks market leadership with a 1 (worst) to 99 (best) score. The score shows how a stock's price performance over the trailing 52 weeks compares to all the other stocks in our database.
History reveals that the market's biggest winners tend to have an 80 or better RS Rating as they begin their biggest runs.
See How IBD Helps You Make More Money In Stocks
Is Kroger Stock A Buy?
Kroger stock is trying to complete a consolidation with a 62.88 buy point. See if it can break out in volume at least 40% above average. It's a later-stage pattern, and investors should be aware that those involve more risk. Read "Looking For The Next Big Stock Market Winners? Start With These 3 Steps" for more tips.
While earnings growth fell in the supermarket's most recently reported quarter from 22% to 13%, revenue grew 9%, up from 8% in the prior report.
Kroger stock earns the No. 6 rank among its peers in the Retail-Super/Mini Markets industry group. Murphy USA and TravelCenters of America are also among the group's highest-rated stocks.
