Stock Of The Day: Is The Kroger Rally Finally Over?
Group 1 - Kroger's shares experienced a decline after reaching an all-time high of 67 [1][4] - The stock is currently viewed as a potential investment opportunity despite the overall market downturn, as it has attracted funds from other declining stocks [1] - A 'Reversal Day' pattern was identified, indicating a potential shift in market leadership from bullish to bearish [2][4] Group 2 - If a downtrend develops, Kroger's stock may find support around $62.25, a level previously established in March [5] - Traders who sold shares at this support level are likely to place buy orders if the stock returns to this price, potentially creating renewed support [5][6]