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Bearish Moving Average Cross by Sprouts Farmers (SFM)

By Amy Schwartz

Sprouts Farmers (NASDAQ:SFM) crossed under its 10-day moving average of $21.39 on a volume of 225K shares. This may provide swing traders with an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

Sprouts Farmers share prices have moved between a 52-week high of $29.67 and a 52-week low of $20.63 and are now trading 2% above that low price at $21.07 per share. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.8% while the 200-day MA has remained constant.

SmarTrend is tracking the current trend status for Sprouts Farmers and will alert subscribers who have SFM in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses sprouts farmers

Ticker(s): SFM