Technical Breakdown in Sprouts Farmers Market

3 months ago

"Well, it was a strong buy here at 143. It was back there. If you just look at a three-year, it was a strong buy up here and then it really started to fall to a hold. Why? Well, it was the momentum. And momentum can take a stock down. And in looking when it really went down, it was when you crossed this 50-day."

The speaker explains that Sprouts Farmers Market lost momentum as its technical indicators deteriorated, moving from a strong buy to a hold after breaching its 50-day moving average. He is now reducing his exposure in the portfolio due to these technical signals.

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