Sprouts Farmers Market, Inc. : An appropriate purchase level
Entry price | Target | Stop-loss | Potential |
---|
$22.64 |
$0 |
$21.4 |
-100% |
---|
Sprouts Farmers Market shows relatively strong fundamentals and is coming back to attractive prices.
According to Surperformance© ratings, the company constitutes an opportunity for a trading strategy. Indeed, it usually posts better-than-expected financial statements and the enterprise valuation conciliates with its visibility.
The security follows a downward trend in the short term, under the USD 24.76 resistance area.
In the mid-term, the trend is neutral. The stock is trading within a range between USD 21.85 and USD 29.75.
Sprouts Farmers Market is not likely to continue its downtrend near to the strong USD 21.85 level and it is oversold.
The first upward target will be the USD 24 and the stop-loss will be placed below the USD 21.85.
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