Whole Foods Markets (WFM)

[ITMS]

Huge Buy Signal: Whole Foods Market, Inc.

Whole Foods Market, Inc. (NASDAQ:WFM) opened above two major trendlines today, confirming a breakout. The stock has been under heavy pressure after the FDA found some violations at one of their food processing plants.

The stock has seen a drastic decline but now appears to be turning the corner. Note the two down-sloping trendlines on the chart below and how price opened above them for the first time in recent history. This could spell a sharp move higher in the coming days. Potential upside on the stock in the next week is to $32.50.


Chart: https://verifiedinvesting.com/uploads/files/WFM06.23.2016.JPG

Gareth Soloway
InTheMoneyStocks