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4 Huge Stocks to Trade (or Not)

Whole Foods Market

Nearest Resistance: $47.50

Nearest Support: $40

Catalyst: Technical Setup

After crashing at the beginning of May, shares of Whole Foods Market (WFM - Get Report) are starting to show signs of a rebound. And today, shares are following up a breakout on high trading volume. For the last month, WFM has been forming a rounding bottom, a reversal setup that indicates a gradual change in control from sellers to buyers; yesterday's move through $40 was the trigger that means buyers are finally in control.

From here, WFM looks likely to fill the gap it made when it fell hard on earnings and guidance numbers a month ago. The next resistance level at $47.50 leaves a lot of potential upside in shares as I write.

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BSBR $3.76 -2.30%
NVAX $8.65 11.00%
MSFT $54.63 1.30%
WFM $29.08 -1.10%
AAPL $118.53 0.61%


Chart of I:DJI
DOW 17,745.51 -52.98 -0.30%
S&P 500 2,081.54 -8.57 -0.41%
NASDAQ 5,106.9570 -20.5680 -0.40%

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