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Play of the Day (For Wednesday)
Interactive Chart
Tuesday, February 27, 2001

PFGC - Performance Food Group $50.56 +0.56 (+0.44)

Tuesday's Comment:

Food product manufacturer Performance Food Group continues to buck the market trend. On Tuesday, shares of PFGC traded to an intra-day high of $50.81 before pulling back slightly to close at $50.56 on volume of 118,000 shares. The stock has made three straight higher highs, meaning its long-term upward trend remains firmly in tact. What's more, PFGC was able to break through resistance today to close above $50.50 for the first time since December 29th, so the rally could very well continue tomorrow. For now, PFGC has support at Friday's intra-day high of $50.25 with stronger support at $49.61, the 5-dma. Resistance has moved up to the December 29th intra-day low of $51.19 and then the January 31st intra-day high of $53.44. Traders may consider opening new positions on a bounce off of $50.25 or a move above $51.19 on volume greater than 100,000 shares by noon. We are keeping our stops at $47 as downside protection.

Picked on February 25th @ $50.13
Change since picked +0.44
Stop Loss @ $47.00

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