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SmarTrend Watching for Potential Pullback in Shares of Whole Foods Market After 2.29% Gain

By Shiri Gupta

Whole Foods Market (NASDAQ:WFM) traded in a range yesterday that spanned from a low of $35.01 to a high of $35.92. Yesterday, the shares gained 2.3%, which took the trading range above the 3-day high of $35.04 on volume of 3.6 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 29% above that low price at $35.83 per share. The 200-day and 50-day moving averages have moved 0.77% lower and 0.45% lower over the past week, respectively.

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