United Natural Foods
UNFI
Delayed Nasdaq - 11/17 10:00:00 pm
42.15USD
+3.16%

Back on key levels based on weekly price data

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Jordan Dufee
 

Strategy published on : 05/19/2017 | 14:56

long trade
Stop-loss triggered

Entry price : 39.87$
Target : 44$
Stop-loss : 38$
Potential : 10.36%

Shares in United Natural Foods, Inc. are currently testing the support level at 38.7 USD on the weekly chart. Investors should regard the recent downward movement as an opportunity to go long the stock.
Summary

● The company has strong fundamentals. More than 70% of listed companies have a lower mix of growth, profitability, debt and visibility criteria.

● The company has solid fundamentals for a short-term investment strategy.


Strengths

● The current area is a good opportunity for investors interested in buying the stock in a mid or long-term perspective. Indeed, the share is moving closer to its lower bound at USD 38.7 USD in weekly data.

● Share prices are approaching a strong support area in daily data, which offers good timing for investors.

● Considering the small differences between the analysts' various estimates, the group's business visibility is good.

● Historically, the company has been releasing figures that are above expectations.

● The stock, which is currently worth 2017 to 0.26 times its sales, is clearly overvalued in comparison with peers.

Zonebourse.com 2017
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