DailyPlay for Friday September 4th, 2015 – The Fresh Market Inc. (TFM)
The bearish DailyPlay we chose for Friday September 4th is The Fresh Market Inc (TFM). TFM is part of the Consumer Discretionary Sector (XLY). Over the last month, XLY has experienced a 6.98% move lower as both trends remain bearish.
The Fresh Market Inc remains in a strong bearish trend after both 1m and 6m trends turned bearish on 7/22 and recently rallied off it’s 52-week low, providing a good opportunity to short. TFM looks positioned to continue its negative momentum lower towards $18.