Whole Foods Market, Inc. (WFM), which has been in a sideways trading range between 54 and 67 since early this year, jumped 2.32, or 3.6%, Wednesday to close at 66.85. That's just slightly below key $67 resistance and a multi-year high. We could see a breakout above that area if the market continues with its recovery.
If a breakout occurs, the next move could take the stock between the 69.50 and 71.50 areas. Preferred entry price is 67.55 with a stop at 64.80.
Originally published on TraderHR.com.
