yasen362

double bottom

Long
yasen362 Updated   
NASDAQ:SFM   Sprouts Farmers Market, Inc.
SFM is a grocery store operator stock, forming a double bottom, 6/25 up 2.6% with volume, remained up 8.6% for the week and was up 28% in 7 days around last earning.
SFM benefited online shopping delivery service during Covid-19 as costumers stockpiled groceries.
Comment:
have taken 8% profit at 25.75
Trade active:
full position todayat 25.3
Comment:
stop loss was triggered around $25,
currently formed a bullish pin bar, sitting on the 50-day MA,
down .21% compare to S&P down .97%,
currently market looks bearish,
will follow a small position if market opens up green.
Comment:
13 July was a green open, added a position that day, $SFM was up %5 that day.
today $SFM had another green day up 6.6% in the weak market.
earning is scheduled on 29 Jul.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.