KKR enters the S&P 500 index, stock in rally

KKR enters the SP 500 index stock in rally

(Finance) – Great day for KKRwhich is recording an increase of 11.05%.

S&P Dow Jones Indices has announced the upcoming entry of the New York investment company’s stock into the S&P 500. After the markets close today, KKR will move into Wall Street’s benchmark index.

The comparison of the title with theS&P-500on a weekly basis, shows the greatest relative strength of KKR compared to the index, highlighting the concrete attractiveness of the stock by buyers.

New technical evidence classifies a worsening of the situation for KKR, with potential declines to the most immediate support area seen at USD 105.5. Sudden strengthening would instead undermine the above scenario with a bullish trigger and target on the most immediate resistance identified at 110.7. Expectations for the following session are for a continuation of the decline up to the important support positioned at 102.2.