Sprouts (SFM) August 10

New all-time lows for SFM (Sprouts Farmers) shares last week. First wave down from $49.25 to $25.73, ie $23.62 with about 6.5 months of duration is finished. Measured move of the ongoing wave down that started @ $38.45 in February could lead price significantly lower by October. Bearish.

SFM (2 years)

sfm

Chart: StockCharts.com

Petros Steriotis