XL Capital (XL) NewsBite - XL Falls on Broker Downgrade
Posted: Wednesday, March 10, 2010 1:15 PM EDT
XL Capital (NYSE: XL) opened at $18.80. So far today, the stock has hit a low of $18.35 and a high of $19.02. XL is now trading at $18.94, down $0.31 (-1.61%). Over the last 52 weeks the stock has ranged from a low of $3.26 to a high of $19.50. This morning analysts at Janney Montgomery Scott downgraded XL to Neutral from Buy. Technical indicators for the stock are neutral and S&P gives XL a neutral 3 STARS (out of 5) hold ranking. If you are looking for a hedged play on XL the stock seems like it could be a candidate for a July out-of-the-money bear-call credit spread above the 21 range. [ABR-Seven Summits Strategic Investments NewsBite]
Click Symbol For More News On: (XL)
CLICK HERE: FREE XL Capital (XL) Stock ReportSee what our analysts have uncovered about XL Capital (XL).
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 »