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Is Kroger (KR) Ready to Breakout?

Zacks Equity Research

Are you a technical investor? If so, it may be time to consider The Kroger Co. (KR) for your portfolio. The company just saw its 50 Day Moving Average breakout above its 200 Day Simple moving average, a trend that could indicate some bullishness in the future for KR.

This trend may have already begun, as shares of KR have moved by higher by 18.4% in just the past month. Plus, KR has earned itself a Zacks Rank #2 (Buy), so there is plenty of reason to believe that the run for Kroger has plenty of life left.

KROGER CO (KR): Free Stock Analysis Report

Zacks Investment Research