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LONG trading signal The Kroger Co. - KR

US stock price signals and analysis

Good morning Traders,

Today, September 12,  Lift-Off offers a LONG trading signal on US stock The Kroger Co. (Ticker: KR) listed on the NYSE, part of the S&P500 index

The stock on Friday closed with a  notable rise in price, closing the day by marking +7.38% at $51.93 per share.

The company is engaged in retail sales in the food and non-food sector, also enjoys excellent financial data and economic robustness with an upward outlook over the next few years.

To be considered as a speculative trade, as the stock market could experience shocks due to the tightening of monetary policies possible in the near future.

Below chart of The Kroger Co. - KR - with the signal detected by Lift-Off

Below chart of The Kroger Co. - KR - with the take-profit level passing through a support zone in March and then resistance in May.

Some information about The Kroger Co. 

The Kroger Co. operates as a dealer in the United States. 

The company operates combined food and drug stores, multi-department stores, market stores, and warehouses with wholesale. 

its combined food and drug stores offer natural food and organic sections, pharmacies, general merchandise, pet centers, fresh fish, and organic products; and multi-department stores provide apparel, home fashion and furnishings, outdoor living, electronics, automotive products, and toys.

The company's market stores offer full-service grocery, pharmacy, health and beauty care, and perishable goods, as well as general merchandise, including clothing, household goods, and toys; and warehouses with wholesale provide groceries and health and beauty care items, as well as meat, dairy, baked goods, and fresh produce. 

It also manufactures and processes food products for sale in its supermarkets and online; and sells fuel through 1,613 fuel centers. As of Jan. 29, 2022, the company operated 2,726 supermarkets under various banner names in 35 states and the District of Columbia.

The Kroger Co. was founded in 1883 and is headquartered in Cincinnati, Ohio

Source: https://finance.yahoo.com/

Financial Overview:KR's current market capitalization is $37,166B USD. The company's TTM EPS is USD 2.21, dividend yield is 2.00% and PE is 22.14. The next earnings release date for Kroger Company (The) is December 8. The estimate is 0.79 USD

Accounts, including revenue, expenses, profit and loss: KR's total revenue for the latest quarter is 34.64B USD, up 4.81% from the previous quarter. Net income in Q2 22 is 731.00M USD

Overview data and accounts source: Tradingview.com

Signal Board September 12, 2022

LONG - The Kroger Co. - KR

Input price: $50.84 (and any opening price)
Stop Loss: $48.00
Take profit 1: $56.00

R/R: 1:1

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