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Consumer | Stocks | Technical Analysis
Chart of the Day: Kroger Pulls Back
David Russell
January 14, 2025

Kroger jumped to a new record high one month ago, and now dip buyers may eye its recent pullback.

The first pattern on today’s chart is the April high of $58.34. The grocery chain tested $0.01 below it last week before stabilizing. Has old resistance become …

For more, please click here to view the related idea and chart analysis on TradingView.

Kroger (KR), daily chart, with selected patterns and indicators, courtesy of TradingView.

 

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About the author

David Russell
David Russell is Global Head of Market Strategy at TradeStation. Drawing on more than two decades of experience as a financial journalist and analyst, his background includes equities, emerging markets, fixed-income and derivatives. He previously worked at Bloomberg News, CNBC and E*TRADE Financial. Russell systematically reviews countless global financial headlines and indicators in search of broad tradable trends that present opportunities repeatedly over time. Customers can expect him to keep them apprised of sector leadership, relative strength and the big stories – especially those overlooked by other commentators. He’s also a big fan of generating leverage with options to limit capital at risk.

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