Perini (PCR) NewsBite - One Of Today's Top Losers So Far

Posted: Friday, March 27, 2009 10:17 AM EDT

Perini (PCR) leads the list of top losers so far today and is now at $12.51, down $1.34 (-9.68%) on volume of 288,300 shares traded. Over the last 52 weeks the stock has ranged from a low of $10.21 to a high of $44.80. Perini stock has been showing support around $13.12 and resistance in the $14.26 range. Technical indicators for the stock are bearish and S&P does not currently have a STARS rating for PCR. If you are looking for a hedged play on PCR the stock seems like it could be a candidate for a July out-of-the-money bear-call credit spread above the 17.50 range. [ABR-Seven Summits Strategic Investments NewsBite]

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