SFM Tests Key Resistance, Momentum Builds for Potential BreakoutSprouts Farmers Market, Inc.BATS:SFMPeakInvestmentStrategiesSprouts Farmers Market ( SFM ) remains in a broad downtrend from its mid-2025 highs, but the recent price action suggests a developing base. After the sharp selloff into November, price has stabilized in the mid-$70s to mid-$80s range, forming a horizontal consolidation zone. This range now defines a key battleground, with repeated tests of resistance near ~$85. The current rally has brought price back above the 20-day SMA. A decisive breakout above ~$85–$90 would signal a shift in structure and likely open the possibility of a move toward the low $100s, where prior breakdown acceleration began. However, failure here would reinforce the range-bound nature and increase the probability of another pullback toward the mid-$70s. That said, momentum is improving. RSI has rebounded meaningfully and is currently approaching overbought territory, reflecting strengthening bullish pressure. One additional factor is the unfilled gap from the prior breakdown, which remains a magnet above current prices. If resistance breaks, this gap could drive a quick upside move. In summary, the setup is constructive but unresolved; price needs confirmation through a clean breakout to validate a trend reversal.