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Stock Investors Bid Up Shares of United Natural Foods, Up 1.6%

Published on Thu, 01/31/2013 - 13:24
By Adrienne Chilton

Up 1.6% to $53.73, United Natural Foods (NASDAQ:UNFI), is one of today's notable movers. The S&P is currently trading fractionally lower to 1,501 and the Dow Jones Industrial Average is trading fractionally lower to 13,895.

United Natural Foods, Inc. distributes natural foods and related products. The Company offers natural products consisting of groceries and general merchandise, nutritional supplements, bulk and foodservice products, personal care items, perishables, and frozen foods.

United Natural Foods has overhead space with shares priced $53.73, or 8.6% below the average consensus analyst price target of $58.79. The stock should discover initial support at its 200-day moving average (MA) of $53.59 and subsequent support at its 50-day MA of $52.86.

In the past 52 weeks, United Natural Foods share prices have been bracketed by a low of $32.83 and a high of $61.26 and are now at $53.73, 64% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has remained constant.

By Adrienne Chilton
achilton@fnno.com