timwest
Long

The Fresh Market - TFM - Back to the Bargain Bin - Buy

NASDAQ:TFM   FRESH MKT INC
Here is my chart from 9 months ago when TFM             was in the low $30's prior to the run up over $40. I only added that TFM             is the cheapest it has been so far. It is consistently profitable and total revenues continue to grind ahead.

You want to buy these quality stocks when others are selling and when they represent great value.

It's time again to back up the truck and load up on some TFM             shares and look for a 5%-10% gain over the next 3-6 months. If it gets cheaper still, I will keep adding to the position.

Stay tuned.

Tim 31.98 last TFM             May 22, 2015 1:42PM EST
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cmharkey
2 years ago
Hi Tim,

I disagree with the long on TFM for now.
TFM is stuck in a downtrend channel for the moment (YoY). (Weekly Chart)
Because of the low level in RSI and Stoch you are probably correct about the potential for 5-10% gain in the coming 1-2 months. That said, I wouldn't hold this stock until a significant bottom was found and bounced off of with proven support. Also, I believe this more likely to stop at the $28 range and not the $30 range before having a temporary move upward.

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