Posted On: 01/19/2014 4:49:46 PM
Post# of 2561
WFM Daily Chart ~ The Decline Has Slowed...... For Now Anyway
The rising support line has held the stock at the low 52.00s for about one week now after a 2.5 month drop from 65.44 to 52.03. A small bounce happened last week but ran into the MA200, failed, and continued down again. A break under this 52.00 level and the previous low of 50.80 in August will be seen. Quite simply, follow the crossovers for an indication of the money flow, and it's been leaving for a while. The FullSto and MACDs are all in oversold territory but until we see a positive crossover, I'm not too excited about the stock. GLTA
The rising support line has held the stock at the low 52.00s for about one week now after a 2.5 month drop from 65.44 to 52.03. A small bounce happened last week but ran into the MA200, failed, and continued down again. A break under this 52.00 level and the previous low of 50.80 in August will be seen. Quite simply, follow the crossovers for an indication of the money flow, and it's been leaving for a while. The FullSto and MACDs are all in oversold territory but until we see a positive crossover, I'm not too excited about the stock. GLTA
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