The Relative Strength (RS) Rating for Kroger headed into a higher percentile Thursday, as it got a lift from 70 to 74.
IBD's proprietary rating measures market leadership with a 1 (worst) to 99 (best) score. The rating shows how a stock's price behavior over the trailing 52 weeks compares to all the other stocks in our database.
Over 100 years of market history reveals that the stocks that go on to make the biggest gains often have an RS Rating north of 80 as they begin their biggest runs. See if Kroger can continue to rebound and hit that benchmark.
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Kroger is trading within a buy range after breaking past a 58.34 entry in a consolidation. The proper buying range extends to 5% above the initial entry. Once a stock hits that benchmark, it's best to wait for it to set up another buying opportunity..
The company reported -3% earnings growth last quarter, while sales growth came in at 0%. Look for the next report on or around Nov. 28.
Kroger earns the No. 5 rank among its peers in the Retail-Super/Mini Markets industry group. Sprouts Farmers Market is the No. 1-ranked stock within the group.
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