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Whole Foods Market Bullish Moving Average Crossover Alert (WFM)

By Nick Russo

Whole Foods Market (NASDAQ:WFM) crossed over its 10-day moving average of $35.73 on a volume of 36.6 million 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.

In the past 52 weeks, Whole Foods Market share prices have been bracketed by a low of $27.67 and a high of $54.88 and are now at $41.92, 51% above that low price. Over the past week, the 200-day moving average (MA) has gone down 0.8% while the 50-day MA has declined 0.4%.

SmarTrend recommended that its subscribers protect gains by selling shares of Whole Foods Market on May 30th, 2017 by issuing a Downtrend alert when the shares were trading at $34.84. Since that call, shares of Whole Foods Market have fallen 5.1%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses Whole Foods Market

Ticker(s): WFM