Technical Pulse on Food Retail Stocks -- Safeway, Sprouts Farmers Market, SUPERVALU, Fresh Market, and Kroger Editor Note: For more information about this release, please scroll to bottom.
LONDON, September 3, 2014 /PRNewswire/ --
On Tuesday, September 02, 2014, the NASDAQ Composite ended at 4,598.19, up 0.39%, the Dow Jones Industrial Average finished the day 0.18% lower at 17,067.56, and the S&P 500 closed at 2,002.28, down 0.05%. During the session five out of ten sectors ended in negative. The S&P 500 Consumer Staples Sector Index ended the day at 463.57, down 0.05%, whereas the index has advanced 3.73% in the last one month. Investor-Edge has initiated coverage on the following equities: Safeway Inc. (NYSE: SWY), Sprouts Farmers Market Inc. (NASDAQ: SFM), SUPERVALU Inc. (NYSE: SVU), The Fresh Market Inc. (NASDAQ: TFM), and The Kroger Company (NYSE: KR). Free research on these five companies can be accessed at:
Safeway Inc.'s stock finished Tuesday's session 0.29% higher at $34.88. A total of 0.98 million shares were traded, which was below its three months average volume of 1.98 million shares. The stock vacillated between $34.73 and $34.90 during the session. Over the last one month and over the previous three months, Safeway Inc.'s shares have advanced 1.22% and 1.69%, respectively. Additionally, from the beginning of 2014, the stock has gained 19.64%. The company's shares are trading above their 50-day and 200-day moving averages. Moreover, the stock's 50-day moving average of $34.52 is greater than its 200-day moving average of $32.60. Safeway Inc.'s stock traded at a PE ratio of 48.12 and has a Relative Strength Index (RSI) of 58.77. Sign up and read the free notes on SWY at:
On Tuesday, shares in Sprouts Farmers Market Inc. fluctuated between $30.85 and $31.35 before ending the session 0.23% lower at $30.87. The stock reported a trading volume of 0.86 million shares, lower than its three months average volume of 1.36 million shares. Shares of the company traded at a PE ratio of 49.85. Sprouts Farmers Market Inc.'s shares have advanced 3.12% in the last one month and 15.19% in the previous three months, while the stock has lost 19.67% on YTD basis. The stock is trading below its 50-day and 200-day moving averages of $31.26 and $34.06, respectively. Moreover, shares of Sprouts Farmers Market Inc.'s have an RSI of 52.55. The complimentary notes on SFM can be downloaded as in PDF format at:
SUPERVALU Inc.'s stock edged 0.42% lower, to close the day at $9.51. The stock recorded a trading volume of 2.63 million shares, below its three months average volume of 3.15 million shares. The company's shares oscillated between $9.41 and $9.59 during the session. Over the last one month and over the past three months, SUPERVALU Inc.'s shares have advanced 4.97% and 31.35%, respectively. Further, the stock has gained an upside of 30.45% since the start of this year. The stock is trading above its 50-day and 200-day moving averages. SUPERVALU Inc.'s 50-day moving average of $8.91 is above its 200-day moving average of $7.30. Additionally, the stock traded at a PE ratio of 15.28 and has an RSI of 56.90. Register for free on Investor-Edge and access the latest research on SVU at:
On Tuesday, shares in The Fresh Market Inc. recorded a trading volume of 0.73 million shares, lower than its three months average volume of 0.89 million shares. The stock ended the day at $33.93, which was 1.74% above its previous day's closing of $33.35, and registered an intraday range of $33.08 and $34.00. Shares of the company traded at a PE ratio of 28.38. Although The Fresh Market Inc.'s stock has fallen by 1.51% in the previous three trading sessions, it has gained 14.86% in the last one month and 11.17% in the past three months. The stock is trading above its 50-day moving average of $31.66, which is below its 200-day moving average of $35.12. Furthermore, shares of The Fresh Market Inc. have an RSI of 59.98. The complete research on TFM is available for free at:
The Kroger Co.'s stock edged 0.69% higher to end Tuesday's session at $51.33, hitting a new 52-week high of $51.60. The stock recorded a trading volume of 2.39 million shares, below its three months average volume of 2.70 million shares. The company's shares fluctuated between $50.97 and $51.60 during the session. Shares of the company traded at a PE ratio of 16.53. The Kroger Co.'s shares have advanced 0.92% over the previous three trading sessions, 4.22% in the last one month and 29.85% since the start of this year. The stock is trading above its 50-day and 200-day moving averages. The Kroger Co.'s 50-day moving average of $49.78 is above its 200-day moving average of $44.27. Additionally, the stock has an RSI of 61.75. Free in depth research on KR is available at:
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