Kroger (KR) Offering Possible 7.53% Return Over the Next 6 Calendar Days

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Kroger’s most recent trend suggests a bearish bias. One trading opportunity on Kroger is a Bear Call Spread using a strike $28.00 short call and a strike $33.00 long call offers a potential 7.53% return on risk over the next 6 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $28.00 by expiration. The full premium credit of $0.35 would be kept by the premium seller. The risk of $4.65 would be incurred if the stock rose above the $33.00 long call strike price.

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

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

The RSI indicator is at 41.91 level which suggests that the stock is neither overbought nor oversold at this time.

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LATEST NEWS for Kroger

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Free Research Report as Kroger’s Sales Gained 3.4% and Adjusted EPS Surged 26%
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LONDON, UK / ACCESSWIRE / July 12, 2018 / If you want access to our free earnings report on The Kroger Co. (NYSE: KR) (“Kroger”), all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=KR. The Company reported its first quarter fiscal 2018 operating and financial results on June 21, 2018. Additionally, Kroger, which sold its convenience store unit this year for $2.15 billion and also bought meal-kit seller Home Chef, raised the low-end of its GAAP and adjusted earnings guidance for FY18.

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