The Fresh Market Inc : Clearly bullish in the channel
By Etienne Veber
Entry price | Target | Stop-loss | Potential |
---|---|---|---|
$56.02 | $0 | $0 | -100% |
From a fundamental viewpoint, the security has many qualities. According to Thomson Reuters, the net margin is expected to rise by 102% by 2015.
Technically, the uptrend in the medium and long term should protect the stock of a major downtrend. In the short term, a decline could lead the share to the USD 54.7 support. Therefore, the ascendant trend line could help a technical rebound with an objective near the USD 58.8 short-term resistance.
A decline seems possible on the USD 54.7 area. It could be a basis for a purchase to target USD 58.8. A stop loss will be fixed below the entry point to limit the risk.