Whole Foods's most recent trend suggests a bullish bias. One trading opportunity on Whole Foods is a Bull Put Spread using a strike $41.50 short put and a strike $36.50 long put offers a potential 7.76% return on risk over the next 8 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $41.50 by expiration. The full premium credit of $0.36 would be kept by the premium seller. The risk of $4.64 would be incurred if the stock dropped below the $36.50 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 at 76.66 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for Whole Foods
After a Bad Quarter, Has Whole Foods Market Lost Some of Its Allure?
Sat, 14 Jun 2014 14:32:04 GMT
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