Dean Foods Gets Dumped By Gary Morrow About this article: Dean Foods is down close to 9% this morning following its pre-open earnings release. Dean's third-quarter net sales fell 13%, missing consensus estimates of $2.94 billion, while profits rose 32%. Management also raised its full-year outlook, although below Wall Street's expectations. As a result, investors began hitting the stock immediately following the report, pushing the stock to a gap lower open. Within the first 10 minutes of trade, the heavy selling had dropped the stock to new lows for the year, taking out major support in the process. Volume is very heavy in the early going and is already well above Dean's daily average. The damaging losses today have taken out a solid long-term support area that has been in place since the January lows. After the big November 2008 rally, in which Dean Foods nearly doubled, the stock faded a bit in mid January. The... Or, call us at 1-866-321-TSCM (8726) Monday-Friday, 8 a.m.-6 p.m. ET. Outside the U.S. and in Canada, call 1-212-321-5200. More Stories From RealMoney Durable Goods Up Move Down the Tech Food Chain Jobless Claims Still High Bulls' Tenacity Is the Big Question Mark Should You Buy It? Pharmaceutical Product Development Bad News Trumps All Support for Banks Holds, For Now Bummer, Yields Are on the Rise Money on the Line Makes a Big Difference Structured Products: Unsafe at Any Price MORE STORIES FROM REALMONEY

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