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Upgrade Alert for Whole Foods Market (WFM)

By James Quinn

Whole Foods Market (NASDAQ:WFM) was upgraded from Neutral to Outperform at Credit Suisse today. The stock closed yesterday at $33.94 on volume of 11.6 million shares, above average daily volume of 5.7 million.

Whole Foods Market share prices have moved between a 52-week high of $54.88 and a 52-week low of $28.07 and closed yesterday at 21% above that low price at $33.94 per share. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.4% while the 200-day MA has slid 0.8%.

Whole Foods Market (NASDAQ:WFM) is currently priced 12.7% above its average consensus analyst price target of $29.64. Whole Foods Market shares have support at the 200-day moving average (MA) of $31.94 and additional support at the 50-day MA of $31.28.

Whole Foods Market, Inc. owns and operates a chain of natural food supermarkets in the United States. The Company's stores provides full range of merchandise, featuring products that are free of artificial flavors, sweeteners, colors, preservatives, and added chemicals. Whole Foods also develops, produces, and markets nutriceuticals and nutritional supplements.

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: analyst upgrades/downgrades Whole Foods Market

Ticker(s): WFM