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United Natural Foods Up on Heavy Volume in Possible Trend Reversal (UNFI)

By David Diaz

The price of United Natural Foods shares has climbed to $36.15 (a 2.1% change) on heavy trading volume. Approximately 1.1 million shares have changed hands today vs. average 30-day volume of 657,000 shares. Unusually high volume can signify a potential turning point or validate a breakout.

SmarTrend recommended that its subscribers protect gains by selling shares of United Natural Foods on March 10th, 2017 by issuing a Downtrend alert when the shares were trading at $42.44. Since that call, shares of United Natural Foods have fallen 16.6%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Over the past year, United Natural Foods has traded in a range of $29.53 to $83.91 and is now at $36.21, 23% above that low. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.5% while the 200-day MA has slid 1.2%.

Keywords: unusual volume united natural foods

Ticker(s): UNFI