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Rant & Rave Blog

Huge Buy Signal: Whole Foods Market, Inc. (NASDAQ:WFM)

Posted by Gareth Soloway Thursday, June 23, 2016, 10:35AM ET

Read 1642 times

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.

 

Note the chart below, I will release live and detailed trade info on this when its the right time to enter, click here

 

 

Gareth Soloway

InTheMoneyStocks.com

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