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Thursday, January 12, 2012

Stock Alert -Diamond Foods (DMND) shares -12% AH - 1/12/12

The DOJ is investigating possible criminal fraud associated with accounting practices at Diamond Foods (DMND), according to sources. At issue is how the company accounted for payments to walnut growers last year. The SEC and the company's Board already have an  investigation. Shares -12% AH.

Diamond Foods (DMND)'s resistance level is $34 and support level is $26.

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