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Stock Pick of the Day – Kroger Co
Sep 16, 2009

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Larry Swing

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Stock of the Day – Kroger Co (KR)

Close – $20.46

Strategy – Long

MACD – 0.05

RSI – 40.24

 

On Tuesday, KR reported quarterly results on Tuesday that were below market expectations. The stock ended down 7.5%.

However, it can be a good opportunity to enter the stock as the stock is trading near to its support level of $20. The stock has got strong support in $19-$20 range. One can go long on the stock if there is further weakness in the stock.

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...thanks for the trust you've shown in me and my business.

by Larry Swing
larry@mrswing.com
May the swing be with you...

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KR
C:21.1500

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