Wednesday, October 6, 2010

Maidenform Brands (MFB) Takes a Hit via Downgrade

Maidenform Brands (MFB) is being hit today by a downgrade from buy to hold... by BB&T.  (did not even realize the bank had a research department).  The stock surged right after purchase but rather than taking a quick 6% gain I decided to hold it, and +6% has turned into -5% in a very short period of time.  I'm keeping an eye on it here as it sits near its 50 day moving average.  If it closes below that level, and does not recover soon this analyst might have done some serious intermediate damage.

Long Maidenform Brands in fund; no personal position


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