After running my weekend scans, I noticed a number setups in the supermarket and food space are trading at significant reference points making for easy to manage trades (sans those reporting earnings) in either direction. The following tickers are worth watchlisting. Some are scheduled to report earnings this week, and some are carrying high short floats. I’ve marked up the charts of the tickers listed below for your perusal.
Supermarkets: $WFM (earnings 5/4 AMC), $CASY, $SFM (earnings 5/5 BMO), $KR, $SVU (earnings last week, traded down)
Food: $HAIN (earnings 5/4 BMO), $CALM, $CORE (earnings 5/10 BMO), $UNFI, $SPTN, $SYY (reports 5/2 BMO)
Short Float (~10% and over): $WFM, $SFM, $HAIN, $CALM
Stay nimble.
