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Whole Foods Market Crosses Below its 10-day MA (WFM)

By David Diaz

Today, shares of Whole Foods Market (NASDAQ:WFM) have fallen below their 10-day MA of $33.23 on a volume of 7.1 million shares. This may provide short-term investors a chance for a short position, as such a crossover often suggests lower prices in the near term.

Over the past year, Whole Foods Market has traded in a range of $28.07 to $54.88 and is now at $30.72, 9% above that low. Over the last five market days, the 200-day moving average (MA) has gone down 0.8% while the 50-day MA has declined 0.4%.

SmarTrend recommended that subscribers consider buying shares of Whole Foods Market on July 1st, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $32.60. Since that recommendation, shares of Whole Foods Market have risen 3.2%. We continue to monitor WFM for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses Whole Foods Market

Ticker(s): WFM