New Split Drops
None
New Candidate Drops
BMET
- Biomet Inc. $45.28 +2.02 (+1.01)
|
Biomet, Inc. made a nice recovery on Thursday. The stock traded to an all-time high of $45.70 after hitting an intra-day low of $42.80 earlier in the day. Unfortunately, we were stopped out at $43 and we are dropping BMET tonight.
ITG
- Investment Technology Group $51.25 -1.26 (-2.64)
|
ITG succumbed to more selling pressures on Thursday and triggered our stop at $51.40. The fact that ITG failed to breakout on Tuesday probably had something to do with today's sell off. We will continue to monitor ITG for split possibilities and future plays opportunities.
New Momentum Drops
LEA
- Lear Corporation $35.49 -0.64 (-2.11)
|
The maker of car parts got into a wreck on Thursday, as shares fell $0.64 on heavy volume of 880,000 shares traded. Momentum has certainly shifted for LEA, as evidenced by the three down days in a row. Today's move lower triggered our stop at $35, so we exit the play with a small loss.
Drops Index