Reporting pre-market on Wednesday, Fresh Market ( TFM) ($46.10) is below its 200-day SMA at $50.54. The weekly chart profile stays with a close this week above its five-week MMA at $43.61. My weekly value level is $42.82 with a quarterly risky level at $53.79.

Reporting pre-market on Thursday, Costco ( COST) ($114.39) set a multi-year high at $114.72 on May 22. The weekly chart remains positive but overbought with the five-week MMA at $109.39. My monthly value level is $108.32 with a quarterly pivot at $114.15.

Reporting pre-market on Thursday, Express ( EXPR) ($19.20) set its 2013 high at $19.69 on May 22. The weekly chart profile stays positive with the five-week MMA at $18.53. My quarterly value level is $18.40 with a weekly pivot at $19.32 and quarterly risky level at $19.52.

Reporting pre-market on Thursday, Freds ( FRED) ($15.25) set a 2013 at $15.69 on May 17. The weekly chart remains positive but overbought with the five-week MMA at $14.59. My semiannual value level is $14.54 with a weekly pivot at $15.46 and semiannual risky level at $15.59.

At the time of publication the author held no positions in any of the stocks mentioned.

This article is commentary by an independent contributor, separate from TheStreet's regular news coverage.
Richard Suttmeier has an engineering degree from Georgia Tech and a master of science from Brooklyn Poly. He began his career in the financial services industry in 1972 trading U.S. Treasury securities in the primary dealer community. In 1981 he formed the Government Bond Department at LF Rothschild and helped establish that firm as a primary dealer in 1986. Richard began writing market research in 1984 and held positions as market strategist at firms such as Smith Barney, William R Hough, Joseph Stevens, and Rightside Advisors. He joined www.ValuEngine.com in 2008 producing newsletters covering the U.S. capital markets, and a universe of more than 7,000 stocks. Richard employs a "buy and trade" investment strategy and can be reached at RSuttmeier@Gmail.com.

If you liked this article you might like

How to Get Rich Using Warren Buffett's Favorite Stock Market Indicators

How to Make Your Life Successful Just Like Billionaire Warren Buffett

Strange Days at Apple

How to Live Just Like Billionaire Warren Buffett

How to Make a Deal Like Billionaire Investor Warren Buffett