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Whole Foods Market(WFM - Get Report) is a natural and organic foods supermarket. The stock is trading up 4.7% at $81.65 in recent trading.
Today's Volume: 5.7 million
Average Volume: 1.6 million
Volume % Change: 337%
>>5 Big Stocks to Trade for Gains
Shares of WFM are surging higher today on strong volume after the company reported a net income of $118.3 million on $3.4 billion in revenue in the first quarter, compared to a net income of $88.7 million on $3 billion in revenue during the same period last year.
From a technical perspective, WFM has triggered a major breakout today now that this stock has started to take out some near-term overhead resistance at $78.29 on huge volume. This is a very bullish move for WFM since it has now pushed the stock into all-time high territory. As long as WFM continues to tend above $78.28, then it has a great chance to make a run at $100 in the near future.
Whole Foods, which shows up on a list of
9 Rich-Kid Stocks Bucking the Terrible Economy, was also featured in "
5 Consumer Stocks Funds Love."