S2FM34 trade ideas
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
SFM- FOOD FOR THOUGHTI see huge potential for this company. Here are my thoughts.
As stated in Previous Quarter presentation, the Company eyes teen digit growth. Net income of $67 million and adjusted net income(1) of $70 million; compared to net income and adjusted net income of $35 million from the same period in 2019 (Impressive stats)
FROM ER release:
Net sales for the second quarter of 2020 were $1.6 billion, a 16% increase compared to the same period in 2019. Net sales growth was driven by continued demand from the COVID-19 pandemic, contributing to a 9.1% increase in comparable store sales and strong performance in new stores opened.
Gross profit for the quarter increased 32% to $613 million, resulting in a gross profit margin of 37.3%, an increase of 450 basis points compared to the same period in 2019. The increase was driven by strategic changes in our promotional activities, partially accelerated by the COVID-19 environment, coupled with cycling deep promotions from the prior year, as well as outsized shrink improvement from operational efficiencies and positive leverage from additional sal
more information can be found here:
investors.sprouts.com
Partnerships may be on the horizon. The company needs to go from strength to strength. Improve their margins considerably.
Stores are opening quickly. Not sure if they have developed a growing customer base that is loyal though.
Same store Growth may continue as consumers become more health conscious. Expansion in south coast as the likely region in which potentially the company may expand.
Fact sheet on key financial data released in previous quarter:
s25.q4cdn.com
This is not financial advice , please consider your own Due Diligence and Risk Management.
SPROUTS - EXPECTING BOUNCE. Thanks for viewing ! This is not financial advice , please consider your own Due Diligence and Risk Management.
SPROUTS - Adding the Sprouts to my stock shopping list.Looking for buys for my portfolio. Thought id share this with ya.
Thanks for viewing ! This is not financial advice , please consider your own DD and RM.
SFM FailEntered this after the break. I think Minervini also has this.
SFM
Jul 24, 2020 09:45
Shares traded: 1000
Closed P&L: $-253.86
Share trade
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ibkr
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Execution detail:Advanced >
Date/time Symbol Qty Price Position
2020-07-24 09:45:31 SFM 500 $26.840 500
2020-07-29 11:10:32 SFM -500 $26.332 0
SFM healthy pull back after powerful breakoutGot some here in the pullback today.
IBD rating of 97
Short interest of 10%, there is some room to squeeze more.
Long @ 27.03
SFM Trendline play longSee chart.
If it closes below or around 24.50, forget it. The dip it's doing atm is buyable down to 24.66. Now at 25.05.
$SFM Sprouts Farmers Markets, $29.00 Target Sprouts Farmers Markets, Inc. engages in operating healthy grocery stores. It specializes in fresh, natural, and organic products. Its products include fresh produce, bulk foods, vitamins and supplements, grocery, meat and seafood, deli, bakery, dairy, frozen foods, body care, and natural household items. The company was founded by Stan Boney and Shon Alexander Boney on July 11, 2002 and is headquartered in Phoenix, AZ.
double bottomSFM is a grocery store operator stock, forming a double bottom, 6/25 up 2.6% with volume, remained up 8.6% for the week and was up 28% in 7 days around last earning.
SFM benefited online shopping delivery service during Covid-19 as costumers stockpiled groceries.
Bullish Charts - Golden Cross, Buyout TargetSprouts Farmers Market, Inc., a healthy grocery store, provides fresh, natural, and organic food products in the United States. Its stores offer fresh produce, packaged groceries, meat and seafood, deli, vitamins and supplements, dairy and dairy alternatives, bulk items, baked goods, frozen foods, natural health and body care, beer and wine, and household items. As of February 20, 2020, it operated 341 stores in 22 states. Sprouts Farmers Market, Inc. was founded in 2002 and is based in Phoenix, Arizona.
Daily Chart:
Volume: Bullish
PMO Turning Up: Bullish
MACD Turning Up: Bullish
RSI: Bullish
Stochastic: Bullish
OBV: Bullish
Accumulation: Bullish
Sector: Bullish
100-Day MA just crossed the 200-Day MA - Bullish
Market got crushed today, Sprouts was up. Bullish
I personally think Sprouts could be a buyout target especially after Amazon bought Whole Foods.
Long!
DISCLAIMER
The Content herein is for informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice.
Sprouts Farmers Markets $SFMEntry : $24.55
S/L. : $23.02
TP1. : $25.85
TP2 : $26.84
12 months Consensus Price Target: $23.5
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Please don't trade according to the ideas, rely on your own knowledge.
Thx
$SFM Sprouts Farmers Markets Bull-Flag
Possible BullFlag breakout imminent
Strong horizontal resistance at $24.40
Targets as per resistance levels with $28.00
as a medium term target.
MACD Bullish Reversal
Histogram crossing Zero-line
RSI uptrending with room to run higher.
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$SFM can fall in the next daysContextual immersion trading strategy idea.
Sprouts Farmers Market, Inc., a healthy grocery store, provides fresh, natural, and organic food products in the United States.
The demand for shares of the company still looks lower than the supply.
This and other conditions can cause a fall in the share price in the next days.
So I opened a short position from $22,28;
stop-loss — $22,54.
Information about take-profits will be later.
Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision.
Always do your own analysis before making deals. When you use any materials, do not rely on blind trust.
You should remember that isolated deals do not give systematic profit, so trade/invest using a developed strategy.
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SFM Wave 4 correctionHello,
What is SFM?
Sprouts Farmers Market, Inc., a healthy grocery store, provides fresh, natural, and organic food products in the United States. Its stores offer fresh produce, packaged groceries, meat and seafood, deli, vitamins and supplements, dairy and dairy alternatives, bulk items, baked goods, frozen foods, natural health and body care, beer and wine, and household items. As of February 20, 2020, it operated 341 stores in 22 states. Sprouts Farmers Market, Inc. was founded in 2002 and is based in Phoenix, Arizona.
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My Thoughts For You
Most of what I am thinking is on this chart, I know this is very predictive but I can see this bearish divergence play out once wave 5 hits strong resistance.
Good Luck, Cheers!
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SFM - Uptrend + Price Rejection at 20MA (4x)I. Analysis
1. Stock in a strong uptrend being consistently supported by the 20MA - trend identified
2. 20 MA tested 4x and held - value zone identified
3. Price rejection candles at the latest 20MA test
We are trading with the trend, from a value zone and the entry trigger is not as clean as it should, yet I can identify two bullish pinbar candles at teh avle area
II. Trade
1. Enter net candle
2. SL 1 ATR below 20MA
3. TP when price crosses and holds below 20MA
Plsd to hear yr comments
Cheers `
Ruben
