Jos A Bank Clothiers (JOSB) NewsBite - JOSB Downgraded By Argus

Posted: Monday, September 28, 2009 2:08 PM EDT

Jos A Bank Clothiers (JOSB) was downgraded today by analysts at Argus and the stock is now at $44.50, up $0.50 (1.14%) on volume of 240,549 shares traded. The brokerage reduced the stock to Hold from Buy. Over the last 52 weeks the stock has ranged from a low of $15.38 to a high of $48.92. Jos A Bank Clothiers stock has been showing support around $42.19 and resistance in the $46.79 range. Technical indicators for the stock are bullish and S&P does not currently have a STARS rating for JOSB. If you are looking for a hedged play on JOSB the stock seems like it could be a candidate for a November out-of-the-money bear-call credit spread above the 50 range. [ABR-Seven Summits Strategic Investments NewsBite]

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