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United Natural Foods Bullish Moving Average Crossover Alert (UNFI)

By Nick Russo

Today, shares of United Natural Foods (NASDAQ:UNFI) have advanced above their 10-day MA of $34.55 on a volume of 113K shares. This may provide swing traders with an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

Over the past year, United Natural Foods has traded in a range of $29.75 to $83.91 and is now at $34.69, 17% above that low. The 200-day and 50-day moving averages have moved 1.19% lower and 0.54% lower over the past week, respectively.

SmarTrend recommended that its subscribers protect gains by selling shares of United Natural Foods on April 11th, 2016 by issuing a Downtrend alert when the shares were trading at $35.36. Since that call, shares of United Natural Foods have fallen 4.2%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses united natural foods

Ticker(s): UNFI