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Sprouts Farmers Bullish Moving Average Crossover Alert (SFM)

By Amy Schwartz

Sprouts Farmers (NASDAQ:SFM) crossed over its 10-day moving average of $26.87 on a volume of 272K shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

Sprouts Farmers share prices have moved between a 52-week high of $29.67 and a 52-week low of $17.55 and are now trading 54% above that low price at $27.04 per share. Over the past week, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has advanced 1.7%.

SmarTrend recommended that subscribers consider buying shares of Sprouts Farmers on August 3rd, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $23.58. Since that recommendation, shares of Sprouts Farmers have risen 12.5%. We continue to monitor SFM for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses sprouts farmers

Ticker(s): SFM