|
 |
| PLAY >New Drops |
Sunday, May 06, 2001 |
 |
New Split Drops
None
New Candidate Drops
|
ACS
- Affiliated Computer Services $71.89 (+0.50)
|
ACS dropped just enough in the early going on Friday to execute our trailing stop. It is important to note that the decline was accompanied by light volume of only 361,500 shares. Perhaps the early weakness was due to the new coverage of the stock by SG Cowen. The research firm began coverage on ACS with a "Neutral" rating, which was less than a ringing endorsement. We might be interested in taking another look at ACS if it can find support at its 20-DMA of $68.31.
|
JEC
- Jacob's Engineering $66.34 (+0.07)
|
Sometimes stocks can "fake out" traders by falling below support and rebounding immediately. That is exactly what happened to JEC in the early going on Friday, as the April jobs report had the market running scared at the open. Our trailing stop was triggered amidst the wave of early morning selling. JEC subsequently rebounded to end the day positive, but hey, we can never complain about a profitable trade.
New Momentum Drops
None
Drops Index
|
|
