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Shares of United Natural Fall to a New 52-Week Low

By David Diaz

United Natural (NASDAQ:UNFI) traded at a new 52-week low today of $8.56. So far today approximately 300,000 shares have been exchanged, as compared to an average 30-day volume of 1 million shares.

United Natural (NASDAQ:UNFI) has potential upside of 479.6% based on a current price of $8.56 and analysts' consensus price target of $49.61. United Natural shares should first meet resistance at the 50-day moving average (MA) of $11.41 and find additional resistance at the 200-day MA of $16.97.

United Natural Foods, Inc. distributes natural foods and related products. The Company offers natural products consisting of groceries and general merchandise, nutritional supplements, bulk and foodservice products, personal care items, perishables, and frozen foods.

In the past 52 weeks, United Natural share prices have been bracketed by a current low of $8.56 and a high of $44.94 and are now at $8.56. Over the past week, the 200-day moving average (MA) has gone down 2.3% while the 50-day MA has declined 2.3%.

SmarTrend recommended that its subscribers protect gains by selling shares of United Natural on April 22nd, 2019 by issuing a Downtrend alert when the shares were trading at $12.56. Since that call, shares of United Natural have fallen 31.7%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: 52 week high/lows united natural

Ticker(s): UNFI