Whole Foods's most recent trend suggests a bullish bias. One trading opportunity on Whole Foods is a Bull Put Spread using a strike $62.50 short put and a strike $57.50 long put offers a potential 20.19% return on risk over the next 22 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $62.50 by expiration. The full premium credit of $0.84 would be kept by the premium seller. The risk of $4.16 would be incurred if the stock dropped below the $57.50 long put strike price.
The 5-day moving average is moving up which suggests that the short-term momentum for Whole Foods is bullish and the probability of a rise in share price is higher if the stock starts trending.
The 20-day moving average is moving up which suggests that the medium-term momentum for Whole Foods is bullish.
The RSI indicator is above 80 which suggests that the stock is in overbought territory.
To learn how to execute such a strategy while accounting for risk and reward in the context of smart portfolio management, and see how to trade live with a successful professional trader, view more here
LATEST NEWS for Whole Foods
Nordstrom to Open 2 More Rack Stores
Fri, 25 Oct 2013 22:15:01 GMT
Zacks – Going ahead with its store expansion strategy, Nordstrom Inc. announced its plans to open two Nordstrom Rack stores in Tulsa, Okla. and Columbus, Ohio.
Final Glance: Supermarkets companies
Fri, 25 Oct 2013 22:04:18 GMT
Final Glance: Supermarkets companies
Fri, 25 Oct 2013 22:04:18 GMT
AP – Shares of some top supermarkets companies were mixed at the close of trading: Kroger rose $.41 or 1.0 percent, to $43.42. Safeway rose $.48 or 1.3 percent, to $36.54. Supervalu fell $.02 or .3 percent, …
Will Whole Foods' Market Outperform?
Fri, 25 Oct 2013 19:17:28 GMT
Seeking Alpha – According to a report issued by Stores Magazine and Deloitte Touche Tohmatsu, a surprising number of ranking changes among supermarket and grocery stores occurred in 2013. These changes are very significant …
Midday Glance: Supermarkets companies
Fri, 25 Oct 2013 17:33:42 GMT
Related Posts
Also on Market Tamer…
Follow Us on Facebook