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KRO - Assessing An Income Trade In Kronos Worldwide
Kronos Worldwide Inc
The specialty chemicals company Kronos Worldwide (KRO) has lost well over 50% of its market cap over the past two years. As we can see from the long-term chart below, shares have managed to stay above their 2019 lows, but we are still trading precariously close to them. As we can see from the MACD indicator below, we are very close to a technical buying signal. If indeed, we get a crossover here in the near-term and a convincing break above the company's 10-month moving average, then the odds would definitely strengthen that multi-year lows