Jabil Circuit (JBL) NewsBite - JBL Hits 52-Week High

Posted: Monday, October 12, 2009 2:11 PM EDT

Jabil Circuit (NYSE: JBL) hit a new 52-Week high of $14.69 so far today. Currently the stock is up $0.33 (2.3%) to $14.68 on 1,594,616 shares traded. Today's high is up $11.58 from a 52-Week Low of $3.10. Jabil Circuit stock has been showing support around $13.73 and resistance in the $14.69 range. Technical indicators for the stock are bullish and S&P gives JBL a positive 4 STARS (out of 5) buy ranking. If you are looking for a hedged play on JBL the stock seems like it could be a candidate for a December out-of-the-money bull-put credit spread below the 12.50 range. [ABR-Seven Summits Strategic Investments NewsBite]

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