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United Natural: New 52-Week Low Set Today (UNFI)

By Amy Schwartz

Shares of United Natural (NASDAQ:UNFI) traded today at $7.00, breaking its 52-week low. So far today approximately 161,000 shares have been exchanged, as compared to an average 30-day volume of 861,000 shares.

In the past 52 weeks, United Natural share prices have been bracketed by a current low of $7.00 and a high of $35.63 and are now at $7.00. The 200-day and 50-day moving averages have moved 1.74% lower and 1.47% lower over the past week, respectively.

United Natural Foods, Inc. distributes natural foods and related products. The Company offers natural products consisting of groceries and general merchandise, nutritional supplements, bulk and foodservice products, personal care items, perishables, and frozen foods.

There is potential upside of 608.7% for shares of United Natural based on a current price of $7.00 and an average consensus analyst price target of $49.61. The stock should run into initial resistance at its 50-day moving average (MA) of $9.31 and subsequent resistance at its 200-day MA of $13.22.

SmarTrend recommended that its subscribers protect gains by selling shares of United Natural on April 22nd, 2019 by issuing a Downtrend alert when the shares were trading at $12.56. Since that call, shares of United Natural have fallen 43.4%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: 52 week high/lows united natural

Ticker(s): UNFI