LONDON, April 11, 2013 /PRNewswire/ --
Notwithstanding March's dismal jobs report, the U.S. labor market has shown signs of improvement. However, there is still some way to go before there is a full recovery in the labor market. As a result, consumers are expected to remain cautious in spending. The expiration of payroll tax cuts at the start of this year is also expected to keep consumer spending in check. The key for grocery stores such as SUPERVALU Inc. (NYSE: SVU), Safeway Inc. (NYSE: SWY), The Kroger Co. (NYSE: KR), and Whole Foods Market Inc. (NASDAQ: WFM) will be to offer value to consumers, given the macro environment. On Wednesday, shares of all four companies rose sharply as the broad market rallied on the back of some encouraging economic data from China. StockCall has posted free technical research reports on SVU, SWY, KR, and WFM and these can be accessed by signing up at
http://www.stockcall.com/analysis
Shares of SUPERVALU Inc. rose sharply in yesterday's trading session. The stock rose to an intra-day high of $5.28 before finishing the day 2.16% higher at $5.21 on above average volume 8.81 million. SUPERVALU's shares have gained more than 8.50% so far this week. Year-to-date, the stock has gained nearly 111%. Shares of SVU have seen a series of highs in the last few sessions, which is a bullish signal. The stock's MACD has also crossed above the signal line, further confirming the upbeat trend. Download the free report on SVU upon registration at
http://www.StockCall.com/SVU041113.pdf
Safeway Inc.'s shares rose in trading on Wednesday, extending their gains for the week. The stock closed 1.17% higher at $25.92 on above average volume of 6.35 million, taking its gains for the week to more than 4%. The stock touched an intra-day high of $26 yesterday. Safeway's shares are currently trading close to their 52-week high of $26.54. The stock has had an excellent run so far in 2013, gaining more than 44.30%. The company's shares are currently trading well above their 50-day and 200-day moving averages. SWY technical report can be accessed for free by signing up at
http://www.StockCall.com/SWY041113.pdf
The Kroger Co.'s shares edged higher in Wednesday's session. The stock touched an intra-day high of $32.72 before finishing the day 1.84% higher at $32.65 on volume of 3.85 million. The company's shares are currently trading nearly 1.90% below their 52-week high. The stock has outperformed the S&P 500 in 2013, gaining more than 26%. Shares of KR have seen a series of highs since the start of this year, which is a bullish signal. However, the stock currently faces resistance at around $33. The free report on KR can be downloaded by signing up now at
http://www.StockCall.com/KR041113.pdf
Shares of Whole Foods Market Inc. rallied in trading yesterday. The stock ended the day 3.46% higher at $86.37 on above average volume of 3.14 million. Despite the significant gains on Wednesday, Whole Foods Market's shares are still down more than 4.80% so far this year. However, the stock's MACD has just crossed above the signal line, which is a bullish signal. The positive trend is further confirmed by recent volume activity. Shares of WFM currently face resistance at around $88. A free report on WFM can be accessed by registering at
http://www.StockCall.com/WFM041113.pdf
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