Brown Shoe (BWS) NewsBite - BWS Downgraded By Soleil
Posted: Monday, March 15, 2010 2:57 PM EDT
Brown Shoe (BWS) was downgraded today by analysts at Soleil and the stock is now at $14.46, down $0.13 (-0.89%) on volume of 560,287 shares traded. Soleil downgraded the stock today to Hold from Buy after the stock hit a new 52 week high late last week. Over the last 52 weeks the stock has ranged from a low of $2.32 last March to a high of $15.00 last week. Brown Shoe stock has been showing support around $14.24 and resistance in the $15.02 range. S&P does not currently have a STARS rating for BWS. If you are looking for a hedged play on BWS the stock seems like it could be a candidate for a May out-of-the-money bull-put credit spread below the 12.50 range. [ABR-Seven Summits Strategic Investments NewsBite]
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