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United Natural Foods Bullish Moving Average Crossover Alert (UNFI)

By David Diaz

Today, shares of United Natural Foods (NASDAQ:UNFI) have advanced above their 10-day MA of $41.66 on a volume of 200K shares. Swing traders may find 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 $42.08, 41% above that low. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.5% while the 200-day MA has slid 1.2%.

SmarTrend recommended that its subscribers protect gains by selling shares of United Natural Foods on March 10th, 2017 by issuing a Downtrend alert when the shares were trading at $42.44. Since that call, shares of United Natural Foods have fallen 3.5%. 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