Long Position on SFM @ $26.95 on 2/16/2018 (Momentum)

Bullish Cup & Handle on SFMSprouts Farmers Market, Inc. (SFM) operates as a grocery store that offers natural and organic food, including produce, bulk foods, vitamins and supplements, grocery, meat and seafood, bakery, dairy, frozen foods, body care and natural household items.

As of May 04, 2017, it operated 260 stores in 15 states.  

The Company’s product offerings focus on fresh, natural and organic foods.

It categorizes its products as perishable and non-perishable. Perishable product categories include produce, meat, seafood, deli and bakery. Non-perishable product categories include grocery, vitamins and supplements, bulk items, dairy and dairy alternatives, frozen foods, beer and wine, and natural health and body care. 

Shares have formed a bullish "cup and handle" and higher share prices are expected for this stock. 

 

52-Weeks Trading Range: $17.38 - $28.29

Entry Point: $26.95

Stop Loss: $25.60

Target Price: $29.65

Updates

2/26/2018 10:03:58 AM

SFM closed

Position closed on 2/26/2018 at price of $26.90 with a -0.19% loss in 10 days.

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