Swing Trading Strategies & Stock Picks Since 2003

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.