The Fresh Market Inc (NASDAQ: TFM)

The Fresh Market, Inc. operates as a specialty grocery retailer. The company offers various perishable product categories, including meat, seafood, produce, deli, bakery, floral, sushi, and prepared foods; and non-perishable product categories, such as traditional grocery and dairy products, as well as bulk, coffee and candy, beer and wine, and health and beauty products. As of March 12, 2013, it operated 130 stores in 25 states of the United States. The company was founded in 1981 and is headquartered in Greensboro, North Carolina.
Please take a look at the 1-year chart of TFM (The Fresh Market, Inc.) below with my added notations:
After selling off from November til March, TFM has slowly worked its way higher. Throughout the year, the stock has created a key level at $55. For example, $55 was support several times last fall, and it has now acted as resistance once already back in May. Now the stock is approaching that level again and that could provide a potential trading opportunity.
The Tale of the Tape: TFM is back up at $55. A trader could enter a short position at $55 with a stop placed above that level. If the stock were to break back above that $55 resistance a long position would be recommended instead.
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