Whole Foods Market, Inc.(NASDAQ:WFM) operates natural and organic foods supermarkets. Its stores offers produce, packaged goods, bulk, frozen, dairy, meat, bakery, prepared foods, coffee, tea, beer, wine, cheese, nutritional supplements, vitamins, body care, pet foods, grocery, and household goods.
Stock of Whole Foods is trading strong and jumped up 8.59% to $34.02 on Friday. The company is expecting earnings per share increase 5.5% in the coming year. In the last five years, earnings per share of Whole Foods have a growth rate of 15.70%.
Trade-Ideas LLC identified Whole Foods Market as a strong on high relative volume candidate. In addition to specific proprietary factors, Trade-Ideas offer the following reasons why Whole Foods Market as such a stock: Stock of Whole Foods has an average dollar-volume of $237.9 million, and it’s traded 2.4 million shares today. Moreover, average trading volume is approximately six times compared with normal volume.
The stocks which traded on high relative volume are could be valuable, because big volume moves usually imply underlying activity such as merger and acquisition, or analysts’ new rating. Early investors can capitalize it, regardless the implication behind the big volume moves of stocks, which indicate the start of a new trend. When the well trading opportunity coming, combining technical analysis with fundamental trends analysis and a disciplined trading methodology should help investors take the first steps towards investment success.