STOCK BUY SIGNAL TRIGGERED: SFM @03/02/2023
| Ticker | SFM, Sprouts Farmers Market, Inc. | Note |
| Last Price | 34.80 | |
| Buy | 34.80 | Limit Order This is generated by our mechanical trading system. Please read the chart section for more detailed and flexible entry options. |
| Target | 38.28 | Default at 10%, Or Sell when close below ma5(short term)/10(midterm)/20(long term) or when big down day or when formed inverted hammer at a resistance level |
| Stop | 30.18 | |
| Reward/Risk | .75 : 1 | Not very good, so any pull back could offer a better ratio |
More Technical Status
| ATR | 1.08 | |
| Beta | 0.38 | |
| RSI(14) | 64.87 | |
| SMA20 | 8.60% | Distance to SMA20 |
| SMA50 | 8.63% | Distance to SMA50 |
| Recommendation | 3.20 | Analysts’ mean recommendation (1=Buy 5=Sell) |
Our system generated several buy signals today. SFM is one of them. Let’s take a look at this stock’s chart.
SFM made a huge gap up and we expect it to consolidate on $34 level for a while. If you look at huge gap up on last August and November, it is very likely doing the same thing. So waiting on a pull back then buy the dip is a good strategy.
