Whole Foods Market (WFMI) NewsBite - WFMI Hits 52-Week High

Posted: Tuesday, September 29, 2009 11:14 AM EDT
By: Market Intelligence Center Staff





Whole Foods Market (NasdaqNM: WFMI) hit a new 52-Week high of $31.20 so far today. Currently the stock is up $0.48 (1.60%) to $30.48 on 1,778,980 shares traded. Today's high is up $23.44 from a 52-Week Low of $7.04. Whole Foods Market stock has been showing support around $28.27 and resistance in the $31.05 range. Technical indicators for the stock are bearish and S&P gives WFMI a negative 2 STARS (out of 5) sell ranking. If you are looking for a hedged play on WFMI the stock seems like it could be a candidate for a November out-of-the-money bull-put credit spread below the 26 range. [ABR-Seven Summits Strategic Investments NewsBite]



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