Kruger Company's stock (KR) rose in the intraday levels, after leaning on the 50-day SMA support, lending it positive momentum, while trading alongside the downward correctional short-term trend line, with negative signals from the RSI after reaching overbought levels.
Therefore we expect the stock to return lower, targeting the first support at 44.35, provided the resistance of 47.40 holds on.
Expected trend for today: Bearish