Kroger KR Long Play
Updated
So one of the exec's bought more shares of KR about a week ago. The stock has been in a slow steady rise since. Mixed reactions from professional analysts, but Supply and Demand is in full effect here. Although KR has been on decline for some time, I do see a target price reaching $24 a share.
Stop/Loss is set at $21 a share. This is a 2 for 1 trade off in gains to loss. Time to get hungry and take a bite on KR!!!
Stop/Loss is set at $21 a share. This is a 2 for 1 trade off in gains to loss. Time to get hungry and take a bite on KR!!!
Trade active
Was stopped out at $21 July 22nd but decided to jump back in when it dipped down more and watched the intraday lines closely for a bounce back.KR is still oversold and looking to hit a stable price at around $23.25 and will watch to break thru.
Trade active
Great news:Pivotal Research came out and said it is time to buy, and listed target price at $26 a share.
In a day of what I like to call "Short City", KR is up 2%. Dividend is out 8/14 and next earnings on 9/12
Trade active
More Good News:Some CBD news came out on August 4th and
KR has a partnership with Veritas Farms.They will now have a larger distribution of CBD products on
KR shelves in more states. Since the news, KR is up $1. Profit is booked and now let's watch it gain more steam.Trade closed manually
Set up a stop/loss to secure profit from the two last purchases.That was reached on 8.13
Not the best return, but still making money. If you are still on this, good luck as it still looks of in the near future with advancements they are making.
Trade closed: stop reached
Disclaimer
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.