Manpower (MAN) NewsBite - MAN Upgraded By JP Morgan
Posted: Friday, January 29, 2010 1:58 PM EDT
Manpower (MAN) was upgraded today by analysts at JP Morgan and the stock is now at $52.43, up $1.80 (3.56%) on volume of 894,676 shares traded. The analysts upgraded the stock to Overweight from Neutral. Over the last 52 weeks the stock has ranged from a low of $23.42 to a high of $63.00. Manpower stock has been showing support around $49.12 and resistance in the $53.36 range. Technical indicators for the stock are bearish and S&P gives MAN a negative 2 STARS (out of 5) sell ranking. If you are looking for a hedged play on MAN the stock seems like it could be a candidate for a March out-of-the-money bull-put credit spread below the 45 range. [ABR-Seven Summits Strategic Investments NewsBite]
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