Kroger (KR) Offering Possible 8.23% Return Over the Next 6 Calendar Days

This article was originally published on this site

Kroger’s most recent trend suggests a bullish bias. One trading opportunity on Kroger is a Bull Put Spread using a strike $28.00 short put and a strike $23.00 long put offers a potential 8.23% return on risk over the next 6 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $28.00 by expiration. The full premium credit of $0.38 would be kept by the premium seller. The risk of $4.62 would be incurred if the stock dropped below the $23.00 long put strike price.

The 5-day moving average is moving up which suggests that the short-term momentum for Kroger is bullish and the probability of a rise in share price is higher if the stock starts trending.

The 20-day moving average is moving up which suggests that the medium-term momentum for Kroger is bullish.

The RSI indicator is at 57.04 level which suggests that the stock is neither overbought nor oversold at this time.

To learn how to execute such a strategy while accounting for risk and reward in the context of smart portfolio management, and see how to trade live with a successful professional trader, view more here

LATEST NEWS for Kroger

Trade of the Day: Kroger Co Is a Stellar Turnaround Story
Thu, 11 Jan 2018 12:33:39 +0000
Shares of grocery retailer Kroger Co (NYSE:KR) rallied sharply since last October and according to my proprietary market trend scanner algorithm are on the verge of pushing to medium-term bullish. This is to say that no earnings report is to be worried about for active investors and traders for another while. The 50% drop in KR stock from late 2015 into the second half of last year did get the company to take action, which in many ways I would classify as a real turnaround story.

Walmart ‘Scan and Go’: How Does It Work?
Wed, 10 Jan 2018 18:02:51 +0000
The test was available in 25 locations, but Walmart is expanding the service to 100 additional locations by the end of the month of January. This is Walmart’s second try at a digital checkout service as the company released it three years ago, but it never caught on.

A Crazy Option Trade Shows the Danger in Blue Apron Stock
Wed, 10 Jan 2018 15:19:04 +0000
Blue Apron Holdings Inc (NYSE:APRN) unquestionably was the worst initial public offering of 2017 — and that’s saying something. The mess that was the Snap Inc (NYSE:SNAP) IPO got more attention, but Blue Apron stock went pretty much straight down from its $10 IPO price. Indeed, APRN closed 2017 off 60% in barely six months, and that was after its IPO price was slashed to $10 from an initial range of $15-$17.

Key Events for Consumer Stocks: January 8–12, 2018
Wed, 10 Jan 2018 14:02:11 +0000
Consumer Sector Early in 2018: A Happy New Year?

Walmart and Kroger are about to ditch cashiers in 500 sto…
Wed, 10 Jan 2018 13:04:00 +0000
Walmart, Kroger and Amazon are exploring ways consumers can shop without interacting with a cashier.

Be Sociable, Share!

Related Posts