SFM trade ideas
Sprouts Farmers Market, Inc. (SFM) trade ideaSFM is forming an ascending triangle pattern, indicating a potential bullish continuation. The price is currently consolidating around 101.68, just below the resistance level at 104.5, which is the key breakout point. The ascending triangle suggests increasing buying pressure as higher lows form, building up momentum for a possible upward move.
Breakout Watch:
The stock is approaching a critical breakout point at 104.5. The recommended trading strategy includes exiting 25% at T1 (108.16) with the stop loss moved to breakeven, exiting 50% at T2 (116.18) with the stop loss moved to T1, and exiting the remaining 25% at T3 (122.50). The stop loss is initially set at 93.75 to limit potential downside.
It is important to monitor the volume closely for confirmation of a breakout above 104.5, as increased volume could signify a stronger breakout move.
Buy Sprouts Farmers MarketShort Term Trading Advice by Naranj Capital
Buy Sprouts Farmers Market
● Buy Range- 78.5 - 80
● Target- 84 - 85
● StopLoss- 75.8
● Potential Return- 5-6%
● Duration- 12-14 Trading Days
Sprouts To Do A Third Touch At Strong Support NASDAQ:SFM is currently trading in a parallel channel and looks like it will trend down to attempt to retest the support at about $60.70 for a third touch.
Thoughts?
Sprouts ($SFM) Shares Spiked 10.92% on Strong Q4 PerformanceSprouts Farmers Market (NASDAQ: NASDAQ:SFM ) has caught the market's attention with a remarkable 10.92% surge in its stock price following the release of its fourth-quarter results. Despite revenue aligning with expectations, the company's earnings per share (EPS) surpassed analysts' forecasts, driven by robust same-store sales growth and controlled new store openings. This performance signals a promising trajectory for the grocery store chain, reflecting its ability to navigate challenges and capitalize on opportunities in the retail sector.
Solid Financial Performance:
Sprouts Farmers ( NASDAQ:SFM ) Market's Q4 results underscore its resilience and strategic prowess. The company's higher profitability, fueled by better-than-expected same-store sales growth, highlights its operational efficiency and customer appeal. Additionally, the controlled pace of new store openings demonstrates prudent capital management, ensuring sustainable growth while mitigating risks associated with excessive expansion. This balanced approach not only enhances shareholder value but also strengthens Sprouts' position in the competitive landscape.
Market Perception and Shareholder Satisfaction:
Despite its relatively low volatility compared to the market average, Sprouts' stock experienced a notable uptick, signaling investors' positive reception of the latest financial report. While today's surge may not fundamentally alter perceptions of the business, it underscores the market's recognition of Sprouts' solid performance and growth potential. Shareholders can take confidence in the company's consistent value creation, evident in its impressive 18.4% year-to-date increase and substantial long-term returns.
Strategic Outlook and Growth Prospects:
Looking ahead, Sprouts Farmers Market ( NASDAQ:SFM ) remains well-positioned for continued success. Its strong same-store sales growth and optimistic earnings forecast for the full year underscore its resilience amidst evolving market dynamics. With a focus on customer-centric strategies and prudent expansion, Sprouts is poised to capture additional market share and drive sustainable growth in the highly competitive grocery industry. Moreover, its commitment to innovation and sustainability further enhances its appeal to environmentally-conscious consumers, fostering long-term loyalty and brand equity.
Sprouts Farmers Market's ( NASDAQ:SFM ) recent performance exemplifies its commitment to delivering value to shareholders and customers alike. Despite facing challenges inherent in the retail landscape, the company has demonstrated resilience and adaptability, driving sustained growth and market outperformance. As it continues to execute its strategic initiatives and capitalize on emerging opportunities, Sprouts remains a compelling investment opportunity for those seeking exposure to the thriving grocery sector. With a solid track record of success and a promising outlook, Sprouts Farmers Market ( NASDAQ:SFM ) stands poised to deliver continued shareholder value in the years to come.
SFM can't go up foreverChart speaks for itself. On Log scale, this parabola was momentarily lost in June of this year and then recaptured. Could this go higher? For sure. I sold my position and will be looking to buy back shares around the 26-30$ range where the bearish divergence started forming. On the good side of things, this whole setup could become a gigantic cup and handle pattern by next year.
This high growth company has been great on the long side since 2022, but I do believe it's due for a correction.
Potential 24% upside Sold off after ER. I believe that this will close the gap and make it back $31 in 6 weeks.
22/2/2022 NASDAQ (SFM)Buy (Entry Price) within the buy zone area and exit (Stop Loss) below the red line. Can take profit at the suggested Target Price.
SFM long after earnings this weekI've been following this stock way too much. Great fundamentals, growth, leadership, they are buying back stock... but somehow they've broken the $25 support (maybe they ran out of money to buy back?). At least it looks like that to me. No matter how I slice it I'm having trouble making a bullish case in the short term. However I'm still targeting $28 in the near term. This chart shows how I think it could happen.
If you look back at their earnings in February, the short-term traders took the stock down nearly 5% the day after earnings. Combined with IV crush this would have been the perfect time to buy calls. Then reality set in that this company is making a lot of money, they announced buybacks, and the stock took off. I'm hoping the same thing happens again this week.
Assuming it drops to $23, the .786 retrace is right at $28.
SFM LevelsWe close below this range, I exit and reenter lower. We hold this level, we've cleaned out all the sellers and ride it. Enter at own risk. Biased with my sizeable percentage of shares.
$SFM. Not really sold on it. Not sure why I'm posting.It's showing some kind of bull flag/coiled spring, but it's not a fantastic picture. I don't really love it, and I'm heavily questioning everything I'm seeing. I can see why stimulants are so popular in trading/life in general. Without them this task is unenjoyable to the core.
Probably shouldn't post this, but just a little real-life energy comin' at ya. Man was not meant to sit in front of a computer for extended hours. This pressure to perform is just a little too much sometimes.
Cup N Handle - Long - SFMLooking for a pullback on SFM - Buying the breakout
Cup and handle setup with a target of $35.00
Sprouts Farmers MarketsChart pattern: Bull flag
Entry: 27.91$ (this would end the secondary downtrend of the correction)
Stop: 25$
Target: 33$
Stopmanagement: ATR Stops daily chart default settings
Risk:Reward-Ratio: ~ 2:1
Description: The chart is forming a bull flag with a nice corrective pattern (which retraced under the 38 Fibonacci retracement ). Target is the 1:1 Fibonacci extension of the former impuslive move. Also, the decreasing volume during the consolidation confirms the overall bullish sentiment.
Possible long term play with short term correction.The price have reached upper channel line (resistance) and due to market condition can
a) form a handle of a cup and than go higher or
b) break the line (after break retest may happen)
and than long based on measured move
or
the price can't break the resistance and rejection will be a downward move to the bottom line of the channel.
One should notice that on weekly chart RSI is approaching to overbought zone (highlighted green dots).
Not an advice or recommendation, just an observation.
Sprouts Farmers Market Announces $300 Million Share Repurchase ASFM: Sprouts Farmers Market
2021-03-04 09:02:00
Sprouts Farmers Market Announces $300 Million Share Repurchase Authorization
SPROUTS FARMERS MARKETS Estimates DailyHey guys, SPROUTS FARMERS MARKETS is in a bearish dynamic fake with a large buy volume executed and a large upside hammer candle. The TIMEFRAME shows a hammer candle with a fable buy volume issued, it came to give up the base of the bollinger. To go to the highest point, do a final test of it, then she goes to the VWAP and ends up on the top of the balance zone for a check. Strong possibility of breaking out the price with the momentum to come afterwards, the zone to settle on the new one and to land on the high which follows.
But impossible scenario too great a march to rise on the decline before the session, so the most important are the first two highs that can be observed on the TIMEFRAME H1. Not enough buying force to test the intermediate median of ANDREWS PITCHFORK.
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Go long SFM here – breakout to the upside imminentBollinger Bands getting tight, signaling a possible breakout soon. Heavy buying volume throughout the last week.
A move up toward 21.50 would confirm the trend change from consolidation to bull run.
Long Sprouts!
$SFM - Huge volume shelf support into technical B/OI am long via Feb19 calls. They swept the March calls bigly today in tandem with selling the puts.
$SFM - Sprouts are growingWith a Sprouting 356 store nationwide & a net sales of $1.6 billion for Q3 2020 I have no doubt $SFM will continue to grow in the coming years. During the 3rd quarter, Sprouts improved on profit, income and earnings per share.
A Major key in this reversal is looking for the next monthly candle to be green & gain momentum to the $25-$30 area
Chart Stats: Low @ $13.00 - All time High @ $49.45
Monthly 50SMA & .236 Fib retracement are aligned around $21.00-$22.00
$20-$14 Accumulation Zone
DIY Research: www.sec.gov
Gross profit for the quarter increased 23% to $585 million, resulting in a gross profit margin of 37.1%, an increase of 400 basis points compared to the same period in 2019.
Comparable store sales growth of 4.2% and two-year comparable store sales growth of 5.7%
Net income of $60 million and adjusted net income(1) of $62 million; compared to net income and adjusted net income of $26 million from the same period in 2019
Diluted earnings per share of $0.51 and adjusted diluted earnings per share(1) of $0.52; compared to $0.22 diluted and adjusted diluted earnings per share from the same period in 2019
