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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 $36.59 on a volume of 4.2 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.

In the past 52 weeks, Whole Foods Market share prices have been bracketed by a low of $27.67 and a high of $54.88 and are now at $37.58, 36% above that low price. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.4% while the 200-day MA has slid 0.8%.

SmarTrend recommended that subscribers consider buying shares of Whole Foods Market on April 7th, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $31.14. Since that recommendation, shares of Whole Foods Market have risen 16.4%. We continue to monitor WFM for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses Whole Foods Market

Ticker(s): WFM