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| PLAY >New Drops |
Sunday, April 22, 2001 |
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New Split Drops
| PFGC - Performance Food Group $51.55 (-2.36) |
PFGC knocked on the door of a significant breakout all last week. Impatient traders finally tired of waiting for the next move and sold PFGC all day Friday. Granted, we did achieve a decent profit with this play, but we sure would have liked to have seen a strong rally ahead of the split on April 30th. PFGC will likely find support right around its 50-DMA of $49.31.
New Candidate Drops
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SPW
- SPX Corporation $98.29 (+1.98)
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SPW hit our trailing stop of $98 on Friday, so we exit here with a small profit. SPW had been coming off a "V" bottom and ran into resistance at its long term down trend line. We may revisit this play again soon, as it is continues to be a good stock to trade off support levels.
New Momentum Drops
None
Drops Index
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