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Whole Foods Market Rises 1.53% on Heavy Volume: Watch For Potential Pullback

By David Diaz

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.

In the past 52 weeks, shares of Whole Foods Market have traded between a low of $27.67 and a high of $54.88 and are now at $43.24, which is 56% above that low price. 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