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Bull’s Eye Report: Safeway (SWY)

Safeway has the best entry price right now in a strong sector


At, we strive to “own the best and ignore the rest” in our equity portfolios. Toward this end, each day we search our database for a “top stock” (a top rated company in terms of earnings strength as well as company and industry performance) that presents a strong technical “set up” and a good entry point.

In short, when our equity team is looking to add a stock to one of our portfolios, the “bull’s eye” stock shown below is generally their first choice.

Company Symbol Industry Stock Rating YTD% Gain S.T. Stop Loss
Safeway SWY Food Retail 7.8 +43.17% $24.65

Why We Like The Stock:

Safeway (SWY) is our most compelling buy today due to the fact that it is a top rated stock (in terms of earnings strength and company/industry performance) with a positive technical set-up. Major food retail stocks like Supervalu (SVU), Kroger (KR), Whole Foods Market (WFM), and SWY have had great years thus far.

What we like best about SWY is its intermediate-term trend. Since its weekly bottom in June, the stock has been making higher highs and higher lows on a consistent basis, staying above its 50-day moving average since first crossing higher in early July. Currently, SWY has pulled back from its recent highs just south of $27, and looks to have based at current prices. Here would be a good spot to give SWY a shot for a run back up to $27-ish, especially given its recent trending behavior.

We Would Be Buyers:

At the current price (~$25.75), or on a pullback to the 50-day moving average ($25.24).

Company Profile:

Safeway Inc.  is a food and drug retailer in North America. In support of its retail operations, the Company has a network of distribution, manufacturing and food-processing facilities. Safeway owns and operates Operating Company, LLC, an online grocery channel doing business under the names and Safeway also has a 49% interest in Casa Ley, S.A. de C.V., which operates 195 food and general merchandise stores in Western Mexico.

Stock Rating: 7.8

The Stock Rating indicates the combined score of our proprietary Earning Strength and Company Performance models. The rating scale is 0 – 10 with 10 being the highest.

Safeway – Last Three Months


Safeway – Last 12 Months


Safeway – Last Five Months


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At the time of publication the editor and affiliated companies own the following positions: None

Note: Positions may be bought or sold while this publication is in circulation without notice.

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