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Recent 52-Week High Exceeded in Shares of Kroger (KR)

Published on Thu, 02/28/2013 - 15:14
By Peter Chu

Shares of Kroger (NYSE:KR) traded today at $29.36, breaking its 52-week high. This new high was reached on approximately average trading volume as 2.9 million shares traded hands, while the average 30-day volume is approximately 3.9 million shares.

Kroger (NYSE:KR) is currently priced 3.6% above its average consensus analyst price target of $28.29. The stock should find initial support at its 50-day moving average (MA) of $27.17 and further support at its 200-day MA of $24.27.

In the past 52 weeks, shares of Kroger have traded between a low of $20.98 and a high of $29.36 and are now at $29.34, which is 40% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.5% while the 200-day MA has risen 0.4%.

The Kroger Co. operates supermarkets and convenience stores in the United States. The Company also manufactures and processes some of the foods that its supermarkets sell.

By Peter Chu
pchu@fnno.com

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