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• 100% technical buy signals
• 15 new highs and up 15.86% in the last month
• 47.68+ Weighted Alpha.

The Chart of the Day belongs to grocery chain Sprouts Farmers Market (SFM). I found the stock by using Barchart's powerful screening functions to find stocks with the highest technical buy signals, highest Weighted Alpha, superior current momentum and having a Trend Seeker buy signal then used the Flipchart  feature to review the charts for consistent price appreciation.  Since the Trend Seeker signaled a buy on 6/30 the stock gained 8.79%.

(Click on image to enlarge)

SFM Price vs Daily Moving Averages

Sprouts Farmers Market, Inc., together with its subsidiaries, retails fresh, natural, and organic food products in the United States. It provides perishable product categories, including fresh produce, meat, seafood, deli, bakery, floral, and dairy and dairy alternatives; and non-perishable product categories, such as grocery, vitamins and supplements, bulk items, frozen foods, beer and wine, and natural health and body care. The company was founded in 1943 and is headquartered in Phoenix, Arizona.

Barchart's Opinion Trading systems are listed below. Please note that the Barchart Opinion indicators are updated live during the session every 20 minutes and can therefore change during the day as the market fluctuates. The indicator numbers shown below therefore may not match what you see live on the Barchart.com website when you read this report.

Barchart Technical Indicators:

• 100% technical buy signals
• 47.68+ Weighted Alpha
• 44.73% gain in the last year
• Trend Seeker buy signal
• Above its 20, 50 and 100 day moving averages
• 15 new highs and up 15.86% in the last month
• Relative Strength Index 72.64%
• Technical support level at $39.58
• Recently traded at $39.96 with 50 day moving average of $35.98

Fundamental Factors:

• Market Cap $4.13 billion
• P/E 15.44
• Revenue projected to grow 5.60% this year and another 6.90% next year
• Earnings estimated to increase 11.30% this year, an additional 3.40% next year and compound at an annual rate of 7.67% for the next 5 years

Analysts and Investor Sentiment -- I don't buy stocks because everyone else is buying but I do realize that if major firms and investors are dumping a stock it's hard to make money swimming against the tide:

• Wall Street analyst gave 1 strong buy, 6 buy, and 5 hold opinions on the stock
• Analysts price targets are $26 to $45 with a consensus of $35 for an 11% loss
• Value Line ranks the stock an average 3 with a price target of $42 for a 5% gain
• CFRAs MarketScope rates it a 2 star sell with a price target of $30
• 17,850 investors monitor the stock on Seeking Alpha

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