Will Whole Foods Move Higher?
C = Catalyst for a Stock’s Movement
Whole Foods is a natural and organic foods supermarket that operates in the United States, Canada, and the United Kingdom. As consumers become more health conscious, they are demanding new products at an increasing rate that Whole Foods is able to provide. The natural and organic food trend sees no signs of slowing so look for Whole Foods to continue its dominance in this space for years to come.
T = Technicals on the Stock Chart are Mixed
Whole Foods is a resilient stock that is trading near all-time highs. Since its initial public offering, the stock has seen massive gains with some minor periods of consolidation. Whole Foods has been in a beautiful uptrend that extends back to late 2008. Currently, the stock is seeing a pullback and some consolidation but look for the trend to resume once this inevitable corrective process is complete…