Kroger (KR) NewsBite - KR Is On the Move

Posted: Thursday, November 19, 2009 10:22 AM EDT

Kroger (KR) appears to be on the move today and is now at $22.67, down $0.06 (-0.26%) on volume of 752,230 shares traded. Over the last 52 weeks the stock has ranged from a low of $19.39 to a high of $27.91. KR was covered in a Lee Allen report today. To read the report, and see if Lee thinks we are in the middle of a stock market bubble, go to www.marketintelligencecenter.com/la111909 . Kroger stock has been showing support around $22.38 and resistance in the $23.28 range. Technical indicators for the stock are neutral and S&P gives KR a neutral 3 STARS (out of 5) hold ranking. If you are looking for a hedged play on KR the stock seems like it could be a candidate for an April out-of-the-money bear-call credit spread above the 25 range. [ABR-Seven Summits Strategic Investments NewsBite]

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