$IMKTA:NYSE - INGLES MARKET - Walmart alternative running well

Ingles is a good mid-sized supermarket in the consumer-noncyclicals space that has been having a good run. Doing a bit of an upper bollinger band walk at the moment with god supporting volume. Could be worth a watch.

Ingles Markets, Incorporated (Ingles) is a supermarket chain in the southeast United States. The Company's segments include retail grocery and other. Its other segment consists of fluid dairy operations and shopping center rentals. As of September 24, 2016, the Company operated 201 supermarkets in Georgia, North Carolina, South Carolina, Tennessee, Virginia and Alabama. The Company locates its supermarkets primarily in suburban areas, small towns and rural communities. Ingles supermarkets offer customers a range of food products, including grocery, meat and dairy products, produce, frozen foods and other perishables and non-food products. Its non-food products include fuel centers, pharmacies, health and beauty care products and general merchandise. The Company focuses on selling products to its customers through the development of organic products, bakery departments and prepared foods, including delicatessen sections.

Comment:

Nice ~30% run so far