• Return to Headlines

Sprouts Farmers Bullish Moving Average Crossover Alert (SFM)

By Amy Schwartz

Sprouts Farmers (NASDAQ:SFM) shares have crossed bullishly above their 10-day moving average of $21.46 on a volume of 773K shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, shares of Sprouts Farmers have traded between a low of $20.57 and a high of $29.67 and are now at $23.39, which is 14% above that low price. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.8% while the 200-day MA has remained constant.

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 $23.19. Since that call, shares of Sprouts Farmers have fallen 8.2%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses sprouts farmers

Ticker(s): SFM