Kroger KR is the largest supermarket chain in the United States and can be found in 35 of the 50 states. One of their brands - Harris Teeter - has a nice store about two miles from my house and they have been the beneficiary of a good percentage of my disposable income. Before I get distracted, let's check out the charts of KR. 
In this daily bar chart of KR, below, we can see that prices have bounced off the rising 200-day moving average line a number of times in the past year - October, early December, February and May. Every pullback to the average line turned out to be a buying opportunity. Prices are below the declining 50-day moving average line but continued price strength should soon take prices back above the 50-day line.
The On-Balance-Volume (OBV) line shows us higher lows the past year. The Moving Average Convergence Divergence (MACD) oscillator has turned upward for a cover shorts buy signal.
In this weekly Japanese candlestick chart of KR, below, we can see that the share price of KR has tripled in the past three years. Prices trade above the rising 40-week moving average line.
The weekly OBV line shows a long and bullish rise. The MACD oscillator is above the zero line but has crossed to the downside for a take profit sell signal.
In this daily Point and Figure chart of KR, below, we can see a potential downside price target in the $32 area.
In this weekly Point and Figure chart of KR, below, we used a five box reversal filter. Here the chart has a target of $146.
Bottom line strategy: Traders could go long KR at current levels risking to $46. On the upside $62, then $100, and maybe $146 are our price targets.
