Whole Foods's most recent trend suggests a bearish bias. One trading opportunity on Whole Foods is a Bear Call Spread using a strike $39.00 short call and a strike $44.00 long call offers a potential 7.3% return on risk over the next 31 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $39.00 by expiration. The full premium credit of $0.34 would be kept by the premium seller. The risk of $4.66 would be incurred if the stock rose above the $44.00 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 below 20 which suggests that the stock is in oversold 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
Final Glance: Supermarkets companies
Wed, 21 May 2014 22:05:50 GMT
Final Glance: Supermarkets companies
Wed, 21 May 2014 22:05:50 GMT
How the Dow Jones industrial average did Wednesday
Wed, 21 May 2014 21:11:44 GMT
How the Dow Jones industrial average did Wednesday
Wed, 21 May 2014 21:11:44 GMT
Grocery Deliveries in Sharing Economy
Wed, 21 May 2014 16:03:08 GMT
New York Times – Instacart matches independent contractors who are good at grocery shopping with customers too busy to shop for themselves.
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