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For today's chart we've chosen to take a look at Kroger Co. (NYSE:KR) because the bears have sent the price toward the support of an ascending trendline. As you can see from the chart below, the trendline has propped up the stock in the past and it will be interesting to see if this support will be able to prevent a move lower.

Given the recent weakness in the markets, we'd expect that traders will keep a slightly bearish bias on the stock and that they'll likely watch for a break below $24.50. A move below the nearby trendline will likely trigger a pullback toward the next level of support (illustrated by the blue dotted line).


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