SFM could be an interesting stock to short on a bounce between 29.02 and 28.72, whihc is on the upper side of its 5MA +3% envelope.

Name:  SFM_TA.gif
Views: 144
Size:  27.9 KB

The Pyramid data is very negative

Name:  SFM_P.gif
Views: 147
Size:  45.9 KB

The Supply is also high and interestingly, most of the float has been bought much higher, which implies that investors will have to cut losses on any bounce. This is exactly what the EV pattern shows.

Name:  SFM_Supply.gif
Views: 144
Size:  38.9 KB

Name:  SFM_T.gif
Views: 144
Size:  19.1 KB

Name:  SFM_V.gif
Views: 126
Size:  19.8 KB