user warning: Got error 28 from storage engine query: SELECT t.* FROM term_node r INNER JOIN term_data t ON r.tid = t.tid INNER JOIN vocabulary v ON t.vid = v.vid WHERE r.vid = 453437 ORDER BY v.weight, t.weight, in /var/www/ on line 617.

United Natural Foods's Shares Changing Hands at Lower Prices on 1.2x Above-Average Volume (UNFI)

Published on Tue, 03/05/2013 - 14:14
By Adrienne Chilton

United Natural Foods shares are trading on heavy volume today, having fallen 0.2% to $48.80. About 465,000 shares have been traded today, as compared to the 30-day average volume of 373,000 shares. Spikes in volume can validate a breakout or signify a potential turning point.

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.

In the past 52 weeks, shares of United Natural Foods have traded between a low of $32.83 and a high of $61.26 and are now at $48.80, which is 49% above that low price. The 200-day and 50-day moving averages have moved 0.03% lower and 0.47% lower over the past week, respectively.

Potential upside of 21.1% exists for United Natural Foods, based on a current level of $48.80 and analysts' average consensus price target of $59.08. The stock should find initial resistance at its 50-day moving average (MA) of $53.28 and further resistance at its 200-day MA of $54.05.

By Adrienne Chilton