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Play of the Day (For Wednesday)
Interactive Chart
Tuesday, April 03, 2001

PFGC - Performance Food Group $52.56 +0.75 (+0.06)

Tuesday's Comment:

The plummeting NASDAQ had very negative breadth today. Decliners smashed advancers by a ratio of 30 to 8. Considering this fact, we were quite pleased that PFGC, a major food supplier, was able to muster a solid advance of almost a point today. PFGC's action was even more impressive when one considers that the stock closed on its high print of the day while the NASDAQ showed a lot of weakness into the close. Traders will definitely consider these facts when they start looking for stocks to buy when the market enjoys its next inevitable bounce. The 10-DMA provided pretty good support today just under $51.00. Therefore, traders could consider adding to their positions if PFGC can stay above $50.50 in the event of more market weakness in the early going tomorrow. We don't expect that to be a problem, though, as the MACD and the Money Flow are still trending higher.

Picked on March 25th @ $49.50
Change since picked +3.06
Stop Loss @ $46.00

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