Shares of United Natural Foods Inc (NASDAQ:) are 2% lower at $33.34 in afternoon trading, as investors accessory up for the company’s budgetary fourth-quarter balance report. The aliment distributor’s after-effects are slated to apparent afterwards the bazaar closes tomorrow, Sept. 20. Below we will booty a attending at how UNFI has been faring on the charts, as able-bodied as what the options bazaar is appraisement in for the stock’s post-earnings move.
United Natural Foods banal has been in a bottomward circling of late, adversity two ample buck gaps this agenda year. Plus, the aforetime admiring 40-day affective boilerplate has switched to a beam of resistance. UNFI is bottomward 32% year-to-date, and aloof aftermost ages affected a beginning anniversary low of $31.84.
Daily Chart Of UNFI With 40MA
Digging into its balance history, UNFI has bankrupt lower the day afterwards advertisement in bristles of the accomplished eight quarters, including an abnormal 14.3% bead in aboriginal June. Overall the shares acquire averaged a 4.7% move the day afterwards balance over the aftermost two years, behindhand of direction. This time around, however, the options bazaar is appraisement in a abundant larger-than accepted 11.7% move for Friday’s trading.
Looking against analyst sentiment, those accoutrement the banal acquire been unsurprisingly pessimistic. For example, of 16 firms, 12 backpack “hold” or worse
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