Past performance does guarantee future results.
Right?
But at the same time, what is the best predictor of future results?
Past performance.
If we want to know if something is going to take off to the moon, a great indicator of that potential is something that’s already gone to the moon.
In short, the big winners are the ones who’ve already been big winners.
And Sprouts Farmers Market (SFM) fits that profile.
Here’s the chart:
The last time we were looking for a breakout on SFM, it went from $40 to $65.
A break above $65.55 could lead to another big run.
We’ll keep an eye on it.
Happy trading,
— Scott Welsh
P.S. As a reminder, these plays are based on my longer-term Weinstein Stage Analysis method. The chart above uses weekly candles and a 30 week simple moving average. For details on this method, see my explanation on this Ask The Pros episode starting at timestamp 20:45.
