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grenadetrade
Jun 16, 2017 1:21 PM

Amazon Buys Whole Foods for $42 $AMZN $WFM 

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Whole Foods Market (WFM) Weekly: Hindsight is 20/20 - but could one have seen this coming? If you look at the weekly chart, you can see a year long bullish divergence in the RSI. Although it's unlikely that markets knew that AMZN would buy out WFM, it's possible that insiders knew that Whole Foods may be a good buy out target. Stocks like KR are gonna get smacked as result of this acquisition, as competition from a retail GIANT takes a huge step in to their markets. After yesterday's beating, this is terrible news for Kroger. Watch that stock and key support levels as i outlined in my post here.
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