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Bullish Moving Average Cross by Whole Foods Market (WFM)

By Amy Schwartz

Whole Foods Market (NASDAQ:WFM) crossed over its 10-day moving average of $29.38 on a volume of 8.8 million shares. This may provide swing traders with an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

Whole Foods Market share prices have moved between a 52-week high of $54.88 and a 52-week low of $28.07 and are now trading 7% above that low price at $29.91 per share. Over the last five market days, the 200-day moving average (MA) has gone down 0.6% while the 50-day MA has declined 0.4%.

SmarTrend is tracking the current trend status for Whole Foods Market and will alert subscribers who have WFM in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses Whole Foods Market

Ticker(s): WFM