Whole Sale Foods Mart Inc. (WFMI) looking all set for correction

The largest natural-food grocer in US, Wholesale Foods Market Inc. (NASDAQ: WFMI) has forecast a full-year earnings of $1.10 a share, which fell short of the analysts' estimate of $1.11.

Wholesale Foods Market Inc. (WFMI) appear to be all set to for a head and shoulder pattern on the charts, and could lose further ground in near future.

The Wholesale Foods Market Inc. (WFMI) stock, which already slipped by around 8.8% in Wednesday's trade to $29.23, may face some more selling pressure on Thursday in view of the shorfall in guidance for full year.