Whole Foods's most recent trend suggests a bearish bias. One trading opportunity on Whole Foods is a Bear Call Spread using a strike $38.00 short call and a strike $43.00 long call offers a potential 5.71% return on risk over the next 8 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $38.00 by expiration. The full premium credit of $0.27 would be kept by the premium seller. The risk of $4.73 would be incurred if the stock rose above the $43.00 long call strike price.
The 5-day moving average is moving down which suggests that the short-term momentum for Whole Foods is bearish and the probability of a decline in share price is higher if the stock starts trending.
The 20-day moving average is moving down which suggests that the medium-term momentum for Whole Foods is bearish.
The RSI indicator is at 26.45 level which suggests that the stock is neither overbought nor oversold at this time.
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
Whole Foods Is Well Fueled
Mon, 14 Jul 2014 07:29:38 GMT
Some U.S. retail stocks could rise -Barron's
Mon, 14 Jul 2014 01:12:50 GMT
Aronia berry gaining market foothold in US
Sat, 12 Jul 2014 18:38:00 GMT
Aronia berry gaining market foothold in US
Sat, 12 Jul 2014 18:37:52 GMT
Starbucks And Whole Foods: Can A Dividend Boost Reignite Investor Interest?
Fri, 11 Jul 2014 16:01:00 GMT
Related Posts
Also on Market Tamer…
Follow Us on Facebook