Volume Spike Detected in Shares of Whole Foods Market as They Move Lower on 6.2x Above-Average Volume (WFM)

Published on Thu, 02/14/2013 - 14:09
By Adrienne Chilton in Unusual volume, WFM, nasdaq:wfm, unusual volume, whole foods market

The price of Whole Foods Market shares has slipped to $87.50 (a 9.7% change) on heavy trading volume. Approximately 9.8 million shares have changed hands today vs. average 30-day volume of 1.6 million shares. Unusually high volume can signify a potential turning point or validate a breakout.

In the past 52 weeks, Whole Foods Market share prices have been bracketed by a low of $53.32 and a high of $101.86 and are now at $87.50, 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 advanced 0.2%.

Whole Foods Market, Inc. owns and operates a chain of natural food supermarkets in the United States. The Company's stores provides full range of merchandise, featuring products that are free of artificial flavors, sweeteners, colors, preservatives, and added chemicals. Whole Foods also develops, produces, and markets nutriceuticals and nutritional supplements.

Potential upside of 20.9% exists for Whole Foods Market, based on a current level of $87.50 and analysts' average consensus price target of $105.78. The stock should run into initial resistance at its 50-day moving average (MA) of $91.96 and subsequent resistance at its 200-day MA of $92.98.

By Adrienne Chilton
achilton@fnno.com

Latest News from FNNO

Recent 52-Week Low Surpassed in Shares o...

Unisys (NYSE:UIS) traded at a new 52-week low today of $21.09. Approximately 5.1 milli ...

TransCanada: 52-Week High Recently Eclip...

TransCanada (NYSE:TRP) traded at a new 52-week high today of $51.46. So far today appr ...

Recent 52-Week High Exceeded in Shares o...

Shares of Trinity Industries (NYSE:TRN) traded today at $46.17, breaking its 52-week hi ...

Watch for Continued Gains in Shares of S...

Shares of Sasol (NYSE:SSL) traded today at $60.69, breaking its 52-week high. So far t ...

Shares of China Petroleum & Chemical Ris...

China Petroleum & Chemical (NYSE:SNP) traded today at a new 52-week high of $98.89. Ap ...

Saia Looks to Continue to Trade Above it...

Shares of Saia (NASDAQ:SAIA) traded at a new 52-week high today of $47.94. So far toda ...

Watch for Continued Gains in Shares of R...

Robert Half International (NYSE:RHI) traded today at a new 52-week high of $53.08. So ...

RPC Looks to Continue to Trade Above its...

RPC (NYSE:RES) traded at a new 52-week high today of $24.50. So far today approximatel ...