Fading sizzle in Super Valu? (SVU)
I forgot to do a followup on Super Valu yesterday; it looks like cup-with-handle buyers have yet to be rewarded, as the buyout talk of early March has apparently died down a bit. If you’re still interested in SVU as a long, the way to play this one now is to buy only on a close above Monday’s high of $17, put a stop under the 20 day SMA (now about $16.75, so the stop could go at $16.50 to give it a little room), and hope for the best. Good luck!
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