Shares of Whole Foods Market Has Fallen Below Previous 52-Week Low
Shares of Whole Foods Market (NASDAQ:WFM) traded today at $27.73, breaking its 52-week low. Approximately 1.1 million shares have changed hands today, as compared to an average 30-day volume of 5.7 million shares.
Whole Foods Market, Inc. owns and operates a chain of natural food supermarkets in the United States. The Company's stores provides full range of merchandise, featuring products that are free of artificial flavors, sweeteners, colors, preservatives, and added chemicals. Whole Foods also develops, produces, and markets nutriceuticals and nutritional supplements.
Potential upside of 6.8% exists for Whole Foods Market, based on a current level of $27.76 and analysts' average consensus price target of $29.64. The stock should find initial resistance at its 50-day moving average (MA) of $31.28 and further resistance at its 200-day MA of $31.94.
In the past 52 weeks, Whole Foods Market share prices have been bracketed by a current low of $27.73 and a high of $54.88 and are now at $27.76. The 200-day and 50-day moving averages have moved 0.77% lower and 0.45% lower over the past week, respectively.
SmarTrend recommended that its subscribers protect gains by selling shares of Whole Foods Market on July 28th, 2016 by issuing a Downtrend alert when the shares were trading at $31.09. Since that call, shares of Whole Foods Market have fallen 9.9%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.
Keywords: 52 week high/lows Whole Foods Market