Kroger Stock Sees Improved Relative Price Performance

The Relative Strength (RS) Rating for Kroger (KR) stock climbed into a new percentile Monday, as it got a lift from 65 to 71.

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IBD’s unique rating identifies market leadership with a 1 (worst) to 99 (best) score. The rating shows how a stock’s price behavior over the trailing 52 weeks stacks up against all the other stocks in our database.

Over 100 years of market history shows that the best stocks tend to have an 80 or better RS Rating in the early stages of their moves. See if Kroger stock can continue to rebound and hit that benchmark.

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Is Kroger Stock A Buy?

Kroger stock is working on a cup without handle with a 58.34 entry. This is not the time to buy stocks during a market correction, but build a watchlist of possible emerging leaders once the market trend turns around.

The grocery chain retailer posted -5% EPS growth in the latest quarterly report. Sales increased 0%.

Kroger stock earns the No. 6 rank among its peers in the Retail-Super/Mini Markets industry group. Sprouts Farmers Market (SFM), Natural Grocers (NGVC) and Village Super Market A (VLGEA) are among the top 5 highly rated stocks within the group.

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