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Kroger Stock price attempting to break out of the YTD high.
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Kroger stock price forming a double bottom pattern.
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KR stock price sustains above 200 day EMA and displayed a golden crossover.
Kroger Stock Price gained 10% approx on the YTD basis and formed a double-bottom bullish reversal pattern. KR stock price is rising upward by forming higher high swings and attempting to break out of the $50.00 hurdle level. However, the confirmation of the breakout is still awaited. Kroger’s stock price sustaining above the 200-day EMA showcase positional trend is in the upward direction.
Kroger Co (NYSE: KR) released its quarterly earnings on March 2, 2023. The company reported an EPS of $0.99 and beat the estimate by 9.41%. It reported revenue of $34.823 Billion but missed the estimates by 0.58%.
KR stock reacted positively after earnings and prices gained momentum. It triggered the positive sentiment and prices began to rise upward. Me
We współpracy z: https://www.thecoinrepublic.com/2023/05/06/krogers-stock-price-will-kr-stock-price-break-the-50-00-hurdle/
