Nice follow through on this one the last few days. This is a lod breakout - retest set up. R:R is nice on the daily.
Already triggered into a bearish swing today... I WILL SAY if we're wrong on this trade, the market likely will be "bouncing" a tad today
Great gap, looking for this to continue bearish.
SMF worked on Friday. Failing the 20 ema on the 15 min chart. R:R is there, edge is bearish, we will see.
buy the bounce. Get out before Earnings... if we are still in the trade.
This is an error in publishing. The correct symbol is WFM. See: WFM - Flag & New Gap Below!
Besides the positive technical signals, it produced a really strong earnings this season. Sprouts Farmers Market has been named one of the top five supermarkets in the country by Consumer Reports. It also offers high quality goods at reasonable prices, making it more competitive.
A trader bought 1,149 SFM Mar14 35.0 Calls $2.55. This is a very bullish trade at volume nearly 4.5 times the average daily option volume in SFM. Even though the stock is below the Ichimoku Cloud we believe this is a great signal for a long setup.