KR KR stock has been beaten down, but is shaping up technically for a run. In addition to the technicals, KR is a nice dividend play at this point in its chart. Just recently hiked their dividend to from .14 to .16 a share. Same store sales are on the rise, and the online portion for KR has been slow to develop, but is starting to make a mark. Chart shaping up very nicely for a bounce off long term support in my opinion, so multiple ways to play this one. If you are a dividend bargain hunter, I think this is a nice move at the moment, as you are looking at a recent divi increase as well as the very real possibility of stock gains from the low end of 10% to around 35% without even having to break overall resistance to do it. Gains should be realized by Jan 2020 in my opinion. Could also play various options here. I like Aug 16 C23 right now at .22 for a shorter term play, or Jan 17 2020 C26 currently around .50 apiece. Personally in the Aug 16th call given, but I am also accumulating shares in my stock portfolio as well. I think the longer term stock/dividend payout strategy is most likely the best approach for KR right now, or you could wait for the break of inner resistance if that's your trading style. I myself like to be a bit #Early and begin accumulating and cost averaging down once a stock reaches near a potential bounce area, rather than waiting for a breakout. To each their own. Happy hunting!Trade active
Man i love it when a plan comes together!! Divi increase+bigger online presence+technical chart lined up together=Gains baby, gains.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.