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Recent 52-Week Low Surpassed in Shares of Sprouts Farmers (SFM)

By David Diaz

Shares of Sprouts Farmers (NASDAQ:SFM) traded at a new 52-week low today of $17.95. So far today approximately 233,000 shares have been exchanged, as compared to an average 30-day volume of 1.7 million shares.

Sprouts Farmers Market, Inc. operates a chain of retail grocery stores. The Company offers meats, cheese, dairy products, bakery, beer and wine, bulk foods, vitamins, and supplements. Sprouts Farmers Market serves customers throughout the United States.

Sprouts Farmers has overhead space with shares priced $17.95, or 32.4% below the average consensus analyst price target of $26.56. The stock should run into initial resistance at its 50-day moving average (MA) of $19.85 and subsequent resistance at its 200-day MA of $23.08.

In the past 52 weeks, Sprouts Farmers share prices have been bracketed by a current low of $17.95 and a high of $29.67 and are now at $17.95. In the last five trading sessions, the 50-day moving average (MA) has fallen 2% while the 200-day MA has slid 1%.

SmarTrend recommended that its subscribers protect gains by selling shares of Sprouts Farmers on November 30th, 2018 by issuing a Downtrend alert when the shares were trading at $23.18. Since that call, shares of Sprouts Farmers have fallen 21.6%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: 52 week high/lows sprouts farmers

Ticker(s): SFM