Neutral Tandem (TNDM) NewsBite - TNDM Downgraded By Raymond James
Posted: Tuesday, January 26, 2010 11:43 AM EDT
Neutral Tandem (TNDM) was downgraded today by analysts at Raymond James and the stock is now at $15.95, down $0.49 (-2.97%) on volume of 622,106 shares traded. The analysts cut TNDM to Market Perform from Outperform. Over the last 52 weeks the stock has ranged from a low of $15.34 to a high of $34.56. Neutral Tandem stock has been showing support around $15.85 and resistance in the $16.95 range. Technical indicators for the stock are bearish and S&P does not currently have a STARS rating for TNDM. If you are looking for a hedged play on TNDM the stock seems like it could be a candidate for a June out-of-the-money bear-call credit spread above the 20 range. [ABR-Seven Summits Strategic Investments NewsBite]
Click Symbol For More News On: (TNDM)
CLICK HERE: FREE Neutral Tandem (TNDM) Stock ReportSee what our analysts have uncovered about Neutral Tandem (TNDM).
Limited Time Offer: Click here for “FREE PriceWatch Alerts” on leading stocks from Investors Observer. Get the right investing information at the right time. Give yourself EVERY edge in this market GO »