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Downgrade Alert for United Natural Foods (UNFI)
[March 07, 2013]

Downgrade Alert for United Natural Foods (UNFI)

Mar 07, 2013 (SmarTrend(R) Upgrades/Downgrades via COMTEX) -- United Natural Foods (NASDAQ:UNFI) was downgraded from Buy to Hold at Argus Research today. The stock closed yesterday at $49.58 on volume of 556,000 shares, above average daily volume of 399,000. United Natural Foods, Inc. distributes natural foods and related products. The Company offers natural products consisting of groceries and general merchandise, nutritional supplements, bulk and foodservice products, personal care items, perishables, and frozen foods.

Over the past year, United Natural Foods has traded in a range of $32.83 to $61.26 and closed yesterday at $49.58, 51% above that low. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has declined 0.7%.

Potential upside of 19.2% exists for United Natural Foods, based on a current level of $49.58 and analysts' average consensus price target of $59.08. The stock should find initial resistance at its 50-day moving average (MA) of $53.04 and further resistance at its 200-day MA of $54.04.


SmarTrend is monitoring the recent change of momentum in United Natural Foods. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of United Natural Foods in search of a potential trend change.

Write to Chip Brian at cbrian@mysmartrend.com --------------------------------------------------------------------------------------------- SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.MySmarTrend.com/signup

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