WFM Approaches a Near-Term Breakout

The Whole Foods Market, Inc. (WFM) near-term technical set-up is poised for upside acceleration, if it can hurdle and sustain above key-August resistance at 39.07/11.

This should trigger a breakout from the August round-corrective action in the aftermath of the late-July earnings debacle.

Should such a breakout emerge, WFM will make a b-line for a test of its August 5 high at 40.45 next.

Only a failure to hurdle and sustain about 39.11, followed by a decline that breaks 38.44/40, will compromise the timing of the next advance in WFM.


  Matched
x
  • In our live, interactive Trading Room, we identify trading opportunities in ...
  • Equity Index Futures
  • Index & Sector ETFs
  • Individual Stocks
  • Precious Metals
  • Energy
  • Forex
  • Treasuries
  • International Markets
  • And Much More
Join MPTrader Now!
Veteran Wall Street analyst and financial author, Mike provides detailed and timely analysis and trade set-ups on a range of markets. Read more...

Have Mike's “Out Front” morning analysis delivered FREE to your email inbox twice weekly!