Sprouts Farmers (SFM) Recently Broke Out Above the 20-Day Moving Average
Sprouts Farmers Market(SFM) ZACKS·2024-06-06 22:35
After reaching an important support level, Sprouts Farmers (SFM) could be a good stock pick from a technical perspective. SFM surpassed resistance at the 20-day moving average, suggesting a short-term bullish trend.The 20-day simple moving average is a popular investing tool. Traders like this SMA because it offers a look back at a stock's price over a shorter period and helps smooth out price fluctuations. The 20-day can also show more trend reversal signals than longer-term moving averages.Similar to othe ...