JenRz

SFM Trendline play long

Long
NASDAQ:SFM   SPROUTS FARMERS MARKETS INC
See chart.
If it closes below or around 24.50, forget it. The dip it's doing atm is buyable down to 24.66. Now at 25. 05 .
Comment: I noticed in pre-market SFM hit 27.69. I need to let my pendulum know that only RTH counts I guess! DANG. That's not helpful if you need to get out of options. Anyway, poor SFM is at the lows down 5.8% atm (2:44) with no end in sight.
I do believe this is setting up for a longer term short now. I will write it up after we see how it closes.
Comment: The magic of a trendline. Go Sprouts!

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