Commodities swoon even hits the avocados (CVGW)

Posted in General 
June 22nd, 2009

Shares  of Calavo Growers Inc., a California farmer of avocados, has stalled near the psychologically important $20 level, and is falling on nearly 2x average volume as of 11:15 a.m. Eastern.

The small-cap momentum stock is now taking a hit along with most commodity stocks this morning.

Calavo shares have had very strong price momentum over the past six months, more than tripling since its November, 2008 lows. It was recently featured in Investor’s Business Daily.

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