OptionsPlay DailyPlay

Today’s DailyPlay is Whole Foods Market, Inc. (WFM). WFM is a part of the Consumer Staples Sector (XLP), which is in a nice bullish trend that began in February and just bounced off its $49.32 support level.

Whole Foods Market is an American foods supermarket chain with stores in the US, Canada, and the UK specializing in organic food.

WFM has been in a very strong bullish trend since November of last year. Having bounced off its $55.48 support level, WFM is showing positive momentum as the 1m trend turns bullish to line up with its 6m trend. We are looking for WFM to continue this trend higher.

View this trade on $WFM