New Split Drops
None
New Candidate Drops
| ASD
- American Standard $66.09 -0.71 (+0.43)
|
ASD finally fell victim to the profit taking that we knew was
bound to surface soon. Its MACD is rolling over and volume is
starting to build on down days. Due to the fact that we had
recently raised our stop, we exit ASD today with a profit.
| BKH
- Black Hills Corporation $48.05 -3.92 (-9.22)
|
As it turned out, our energy play ran out of the stuff it
produces. The energy sector has come back to earth this week,
and unfortunately BKH was no exception. We were stopped out of
BKH on Wednesday for a loss.
Drops Index
New Momentum Drops
| BUCA
- Buca, Inc. $20.03 -0.92 (-4.76)
|
After all the damage that had been done to restaurant stocks last
week, it was inevitable that sellers would come back into BUCA to
take it lower. It now appears as if the stock is heading back to
test resistance at $18.75. We were stopped out of BUCA on
Wednesday at $21.30.
| GTK
- GTECH Holdings Corp. $37.40 -0.84 (+0.00)
|
It's going to be hard saying good-bye to this gaming play.
Although, it's safe to say that traders who got in on the early
stages of this momentum play are happy with their nearly 25%
gains. Also keep in mind that these gains came in just over one
month's time. So we bid farewell to GTK. Today we were stopped
out of the stock at $37.40 and are dropping the GTK from our
Current Play list.
Drops Index
