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| PLAY >New Drops |
Tuesday, December 19, 2000 |
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New Split Drops
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New Momentum Drops
| AT - Alltel Corporation $60.63 -2.31 (-3.81)
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Alltel is a major provider of wireline and wireless communications services. Stocks that are related to technology were simply punished today. The negative reaction to the "good" news from the FOMC meeting is indicative of the current bear market in communications stocks. Our stop of $61.00 was hit today during the latest round of selling. The shares of Alltel may eventually find good support at the 50-DMA, which closed today at $50.91.
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