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Look for Shares of Whole Foods Market to Potentially Pullback after Yesterday's 1.53% Rise

By Shiri Gupta

Whole Foods Market (NASDAQ:WFM) traded in a range yesterday that spanned from a low of $42.88 to a high of $43.64. Yesterday, the shares gained 1.5%, which took the trading range above the 3-day high of $43.45 on volume of 13.1 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

Whole Foods Market share prices have moved between a 52-week high of $54.88 and a 52-week low of $27.67 and are now trading 56% above that low price at $43.24 per share. 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 is monitoring the recent change of momentum in Whole Foods Market. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Whole Foods Market in search of a potential trend change.

Keywords: rebounders Whole Foods Market

Ticker(s): WFM