Jim Van Meerten's  Instablog

Barchart.coms Chart of the Day - Kroger (KR)

Barchart Research Team - BC - Thu Oct 25, 3:51PM CDT

The "Chart of the Day" is Kroger (KR), which showed up on Thursday's Barchart "52-Week High" list. Kroger on Thursday posted a new 14-month high of $25.36 and closed +1.40%. TrendSpotter has been long since Sep 6 at $23.10. In recent news on the stock, Jefferies on Oct 16 upgraded Kroger to Buy from Hold and raised its target price to $30 from $25. Kroger on Oct 16 raised its long-term EPS growth target to 8-11% and approved a $500 million share repurchase program to replace the program than had $340 million of purchases remaining. Kroger, with a market cap of $13 billion, is one of the larger grocery retailers in the United States.

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How we found the Chart of the Day:

We found the "Chart of the Day" by scanning the Barchart "52-week Highs" page. That page shows all the stocks that have posted new 52-week highs, which is a popular sign of strong upside momentum.

The status of Barchart's Opinion trading systems are listed below. Please note that the Barchart Opinion indicators are updated live during the session every 10 minutes and can therefore change during the day as the market fluctuates. The indicator numbers shown below therefore may not match what you see live on the Barchart.com web site when you read this report.

• TrendSpotter: Buy
• Short-Term Indicators: 80% Buy
• Medium-Term Indicators: 100% Buy
• Long-Term Indicators: 100% Buy
• Overall Average 96% Buy

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