Let's check out the charts and what's on sale this week.
In the daily bar chart of KR, below, we need to use some imagination. We need to imagine that the late January upside price spike did not happen. Put your thumb over the price action and now we see a nice sauce bottom pattern from early September. The shares are trading above the rising 50-day and 200-day moving average lines. We can also see a bullish golden cross of these two averages in early March.
The On-Balance-Volume (OBV) line has been on an uptrend from the middle of September and tells us that buyers of KR have been more aggressive. The Moving Average Convergence Divergence (MACD) oscillator is above the zero line and hopefully poised for a fresh buy signal.