KR trade ideas
$KR Ascending Triangle - Bullish$KR Ascending Triangle
Target $37.00 by early May assuming lower trend line holds
Kroger Co. at Supreme ValueThe Kroger Family of Companies recently provided new career opportunities to 23,500 workers nationwide, with an additional 20,000 planned in the next several weeks to ensure supplies are available to communities during the COVID-19 pandemic.
"Kroger's top priority continues to be uplifting our associates and serving our communities, whether that's by ensuring customers always can find food and products on our shelves or by providing a nearly immediate job opportunity to help an unemployed person to begin working again," said Tim Massa, Kroger's senior vice president and chief people officer. "During this time of uncertainty, Kroger is committed to remaining a constant. We have a responsibility to our associates, customers and communities, and we will continue to be here…for any need."
Furthermore, Sysco and Kroger Co. announced on Friday they had entered a temporary agreement during these unprecedented times. This agreement will create excellent work opportunities and help alleviate the tension in the food supply chain.
This decisive action comes after nearly 3.3 million people filed for jobless aid and therefore boosting investor and consumer confidence as we progress throughout uncertain times.
The remarkably stable conditions relative to the market combined with the recent pullback phase enables market participants to enter a stable investment at supreme value.
I've identified suitable investment levels based on the weekly time-horizon; this enables KR enough breathing room to navigate any unexpected volatility.
Entry Placement: $32.71 / Stop-Loss Placement: $27.33 / Take-Profit Placement: $40.78
$KR Buy The Dip$KR continues to be a favorite of ours. We nailed the last dip for a trade and think the same is going to play out again for $KR. $KR also counts $BRK.B as a shareholder. It's also a safe bet as consumers still need to stock up on food as the coronavirus isn't going away anytime soon.
As always, trade with caution and good luck to all!
See yu at 22 dear... thats your next stopI know initially people emptied your shelves but what next? What do you have now? Empty shelves? Your supply chain from China is broken... What would you sell now?
Riding the Wave into a Quick Swing TradeLooks like Kroger still has some upward potential before the flame starts running out. I am expecting K to make it up to the 100% Retracement before coming back down to reality. Kroger certainly will have an increase in sales with the panic shopping. However, I believe as #'s of confirmed cases increase, people will be going to the store less and less. Everyone is stocked up for now and using online options as much as possible. Plus, the thousands of people who may have been laid off or losing hours are not rushing out to the store. I think K is a great company and the chart speaks volumes for the long term potential. However, for the swing traders out there, this is an obvious move with the current market volatility. Hope to see a dip with the option expiration fest tomorrow morning (3/20) before closing green EOD.
$KR Trading At Trendline Support$KR is a stock we really like, especially with coronavirus going around. People still need to go to the grocery store and they will stock up. This is why $KR has not gotten hit as bad as other stocks. In times like this, it's important to look for quality companies with limited downside. $KR fights that bill.
$KR trades at just 14x this year's earnings and 0.2x sales.
As always, trade with caution.
Good luck to all!
Kroger bounce for a long Kroger daily chart shows buying on monday after early morning hours of falling but ended the day with buyers holding
$KR inverse H&S breakout on the daily chart #stock #trading$KR stock price has been forming a beautiful clean inverse H&S pattern on the daily chart since MAR'19 earnings result gap down
The pattern has a clean cut shoulder line at around 23.70 and head line at 20.70 / neckline sits at 26.10
Stock has broken the neckline on big volume 2 days ago ( on good numbers regarding same stores sales ) and yesterday started what will be most probably the retest of the neckline
MACD very supportive on both daily and weekly charts / RSI at 65 now on daily / 61 on weekly so there is some room to still go up, but that is also why I think we will see a pull back
Look for retest AND SUPPORT at the neckline in order to participate ( keep an eye especially on the WEEKLY close)
Measured target stands at 31.50
Good luck,
TA
People avoiding crowds will eat at home - need groceries.A way to play (rather than defend against) the corona virus is grocery chains. Kroger (the big one) for example stands to benefit and people eat at home and work from home.
Grocery Store Giant Kroger, KR is getting upCincinnati grocery store giant is adding two local restaurants and Warren Buffet bought shares of #KR in fourth quarter Monthly RSI is reaching 4 year high. $31.67 is the critical resistance to watch
Long Idea - Weekly18/Feb/2020 08:54 AM AUTHOR: Brandon Gum
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Pretty high RR either way you look at it.
Berkshire just took a large position according to 13F.
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$KR Is A Must Own With $BRK.B Long$KR is a stock to own now that the Oracle of Omaha has gone long. The stock has underperformed and is down 2.52% over the past year. For investors looking for defensive positions, we think $KR is one of the best spots to park some money for the long haul. $KR also sports a 2.27% dividend yield and trades at just 12x this year's earnings.
The Kroger Co. operates as a retailer in the United States. The company operates supermarkets, multi-department stores, marketplace stores, and price impact warehouse stores. Its combination food and drug stores offer natural food and organic sections, pharmacies, general merchandise, pet centers, fresh seafood, and organic produce; and multi-department stores provide apparel, home fashion and furnishings, outdoor living, electronics, automotive products, and toys. The company's marketplace stores offer full-service grocery, pharmacy, health and beauty care departments, and perishable goods, as well as general merchandise, including apparel, home goods, and toys; and price impact warehouse stores provides grocery, and health and beauty care items, as well as meat, dairy, baked goods, and fresh produce items. It also manufactures and processes food products for sale in its supermarkets; and sells fuel through 1,537 fuel centers. As of September 25, 2019, the company operated 2,759 retail food stores under various banner names, as well as an online retail store. The Kroger Co. was founded in 1883 and is based in Cincinnati, Ohio.
As always, use protective stops and trade with caution.
Good luck to all!
KR EW 3/3 Short PlayOn the 4 year chart, KR, broke out of a bear flag last year in the spring on their ER. Since then it has came back to the same spot for a retest on their next ER in late Feb or early spring. This retest has hallmarks of a corrective wave ending in the 30's. Im leaning short because of the 5 wave pattern when it broke out of the bear flag last year. Until then, Im riding it up to 30 but planning on going out 1 or 2 years on the puts if we get a sell signal in the 30's. There's a good chance we could be embarking on wave 3/3.
KR at Bottom Resistance LevelKR is working on completing a long-term bottom formation. The recent compression of price may result in a breakout with momentum.
