SFM — Range Play: Long $78 → $91.90Sprouts Farmers Market, Inc.BATS:SFMKAYISI44Sprouts Farmers Market has been carving out a well-defined multi-month range, and price is now sitting in the lower third of it. The setup: Resistance ~$89–90 — This ceiling has been respected three separate times: the May spike, the June highs, and again in early August. Each rejection has come from roughly the same zone, making it a clean, repeatedly-validated supply level. Support ~$78 — July's selloff found a floor here and built a base before the August bounce. That base is the demand shelf this idea leans on. Current price ~$80.60 — Just above support, in the accumulation zone rather than chasing strength. Why now: The July low held and August printed a higher low, so the structure hasn't broken down despite the recent pullback. Price has retraced from the August push back toward the base, which is where the risk/reward turns favorable — you're buying near the floor of a proven range rather than in the middle of it. Just as importantly, the earnings print is already behind us. The next scheduled report isn't until November, so this trade has a clean runway with no binary event risk in the window. The trade: Entry$78 Target$91.90 Upside+17.8% InvalidationDaily close below $76 A decisive daily close under $76 breaks the July base and voids the thesis — that's the line in the sand. Short-term swing idea. Not financial advice. Manage your own risk and size accordingly