Big Breakout for Whole Foods
Whole Foods Market (WFM) is surging on heavy trade today. A pullback from these lofty levels would make for a nice buying opportunity as this bull leg develops.
Last night's better-than-expected fiscal first-quarter results, along with a more positive view for 2012, have sparked an impressive 3% gain today. The move extends yesterday's high-volume rally that lifted WFM 2.8%. At Wednesday's settle the stock had attracted its heaviest positive trade since last September and was back up to its January peak. The follow-through move today has pushed the stock past its previous all-time highs set back in late 2005 at $79.90....240 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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