Chart to Watch: Kroger in Focus as Merger With Albertsons Delayed

Group 1 - Kroger and Albertsons have delayed their planned $24.6 billion merger due to ongoing discussions with federal and state antitrust regulators [4] - The merger was initially expected to close in early 2024, but now is anticipated to finalize in the first half of Kroger's fiscal 2024, which ends on August 17 [4] - Washington state's attorney general has filed a lawsuit to block the merger, citing concerns over reduced competition and choice in the grocery industry [4] Group 2 - Kroger's share price has shown a slight increase, closing at $46.03, up 0.39% [2] - The stock price may find support near the $45 area, where a short-term uptrend line and the 50-day moving average converge [5] - The stock remains under pressure from the 200-day moving average, with potential resistance at the $50 level [5]