The Kroger Co. (KR) has been rallying since July and it is up sharply Tuesday. Grocery store stocks are higher as traffic and purchases accelerate with the number of coronavirus cases growing and dining out becomes selectively takeout.
Let's visit the aisles (charts) of Kroger.
In the daily bar chart of KR, below, we can see that prices are above the rising 50-day simple moving average line and above the rising 200-day moving average line.
The daily On-Balance-Volume (OBV) line has been amazingly strong since July and even in the past two months. The Moving Average Convergence Divergence (MACD) oscillator has been above the zero line since August.