The Relative Strength (RS) Rating for Kroger jumped into a new percentile Monday, with an increase from 80 to 89.
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IBD's proprietary RS Rating identifies market leadership by using a 1 (worst) to 99 (best) score that identifies how a stock's price performance over the last 52 weeks matches up against other publicly traded companies.
History reveals that the stocks that go on to make the biggest gains tend to have an 80 or better RS Rating in the early stages of their moves.
Kroger is building a flat base with a 73.63 buy point. See if it can clear the breakout price in volume at least 40% higher than normal.
Top and bottom line growth moved higher last quarter. Earnings were up 4%, compared to 0% in the prior report. Revenue increased from -7% to 0%.
Kroger earns the No. 5 rank among its peers in the Retail-Super/Mini Markets industry group. Sprouts Farmers Market is the top-ranked stock within the group.
This article was created automatically with Stats Perform's Wordsmith software using data and article templates supplied by Investor's Business Daily. An IBD journalist may have edited the article.
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