Replies to post #392 on Whole Foods Markets (WFM)

[Nebuchadnezzar]

you might and i stress might get a dead cat bounce but this stock will trade sideways or most likely lower for next 3 months.

this chart is very telling and I will begin nibbling at $35 or lower

low target is $29.50-$31.25, high target $42 maybe

SOLD RIGHT THROUGH $40 support which is very bearish on very heavy volume



do or die support is $30


that should hold up if it doesn't kiss that dividend (which aint all that) good bye

competition is great for consumer, not always great for a stock, especially one that was clearly way overpriced for last 2 years

another caveat: company bought back stock and still missed EPS

great company just not a good stock lately, soon it will be too cheap NOT TO BUY