TRADING TIPS

KR Gap Up and Next Target

Hubert Senters here. Let’s take a look at Kroger, KR. A nice little gap up situation and has helped the gap so far. You can’t see it because I’ve got the lines coming your way. But there was the close of yesterday it was around $26.20. Opened up $20.31 and it’s going to close at about $28.73. It looks pretty good. It looks like it wants to go substantially higher as long as it doesn’t do that backfield when you have a gap situation like that. They tend to want to fill their gap. So you do have to be careful but you don’t have any resistance until in the area of around $31. Good luck. Hope it helps. See you on the next video. Hubert.

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