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PLAY >New Drops |
Sunday, April 01, 2001 |
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New Split Drops
None
New Candidate Drops
NVR - NVR Incorporated $163.00 (+3.05)
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A quick and unsuspecting sell-off in the last hour of Friday's trading session caused NVR shares to clip our stop at $164. The decline took place in spite of broad market strength, which could be an initial indication of near-term weakness in the stock.
New Momentum Drops
SFD - Smithfield Foods, Inc. $32.50 (-2.27)
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Smithfield Foods, Inc. was unfortunately hammered on Friday after Tyson Foods (TSN) terminated its merger agreement with IBP Inc. (IBP), making SFD a possible suitor. Shares of SFD gapped down to open at $33.25 before falling to an intra-day low of $30. We were stopped shortly after the opening bell so we are dropping SFD from our Current Plays list.
Drops Index
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