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After Yesterday's Decline of 2.05%, Sprouts Farmers Offers Investors Better Value

By David Diaz

Sprouts Farmers (NASDAQ:SFM) traded in a range yesterday that spanned from a low of $18.11 to a high of $19.01. Yesterday, the shares fell 2.1%, which took the trading range below the 3-day low of $18.78 on volume of 722,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

SmarTrend recommended that subscribers consider buying shares of Sprouts Farmers on March 17th, 2020 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $18.44. Since that recommendation, shares of Sprouts Farmers have risen 3.0%. We continue to monitor SFM for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

In the past 52 weeks, Sprouts Farmers share prices have been bracketed by a low of $13.00 and a high of $24.06 and are now at $18.61, 43% above that low price. The 200-day and 50-day moving averages have moved 0.07% lower and 1.36% higher over the past week, respectively.

Keywords: rebounders sprouts farmers

Ticker(s): SFM