Thursday, August 23, 2012

Whole Foods - WFM - Barchart's Chart of the Day


Barchart.coms Chart of the Day - Whole Foods Market (WFM)
The "Chart of the Day" is Whole Foods Market (WFM), which showed up on Wednesday's Barchart "All-Time High" list. Whole Foods on Wednesday posted a new all-time high of $97.75 and closed +1.10%. TrendSpotter has been long since Aug 16 at $95.93. In recent news on the stock, S&P on Aug 7 raised Whole Foods' corporate credit rating to BBB- from BB+, citing the company's strong operating trends. On Aug 3, Morgan Stanley upgraded Whole Foods to Overweight from Neutral with a price target of $110 based on valuation, earnings power, and continued margin growth. Whole Foods Market, with a market cap of $17 billion, owns and operates the country's largest chain of natural food supermarkets.

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How we found the Chart of the Day:
We found the "Chart of the Day" by scanning the Barchart "All Time High" list. In order to get to that list, we first clicked on the Stocks menu item on the Barchart home page, then on the "All Time Highs" menu item on the left menu bar. We then sorted the list by percentage gainers by clicking on the "Percent" column title. A stock that has posted a new All-Time high is typically showing strong upside momentum.
The status of Barchart's Opinion trading systems are listed below. Please note that the Barchart Opinion indicators are updated live during the session every 10 minutes and can therefore change during the day as the market fluctuates. The indicator numbers shown below therefore may not match what you see live on the Barchart.com web site when you read this report.
  • TrendSpotter: Buy
  • Short-Term Indicators: 100% Buy
  • Medium-Term Indicators: 100% Buy
  • Long-Term Indicators: 100% Buy
  • Overall Average 100% Buy


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