DailyPlay for Friday March 6th – $WFM
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.