Sprouts Farmers Market (NASDAQ: NASDAQ:SFM ) has caught the market's attention with a remarkable 10.92% surge in its stock price following the release of its fourth-quarter results. Despite revenue aligning with expectations, the company's earnings per share (EPS) surpassed analysts' forecasts, driven by robust same-store sales growth and controlled new store...
Bollinger Bands getting tight, signaling a possible breakout soon. Heavy buying volume throughout the last week.
A move up toward 21.50 would confirm the trend change from consolidation to bull run.
Long Sprouts!
With a Sprouting 356 store nationwide & a net sales of $1.6 billion for Q3 2020 I have no doubt $SFM will continue to grow in the coming years. During the 3rd quarter, Sprouts improved on profit, income and earnings per share.
A Major key in this reversal is looking for the next monthly candle to be green & gain momentum to the $25-$30 area
Chart Stats: Low @...
