Nomura (NMR) NewsBite - Economic Optimsim Boosts NMR

Posted: Monday, October 26, 2009 11:29 AM EDT

Nomura (NYSE: NMR) opened at $7.17. So far today, the stock has hit a low of $6.99 and a high of $7.34. NMR is now trading at $7.10, up $0.12 (1.72%). Over the last 52 weeks the stock has ranged from a low of $3.96 to a high of $11.17. Shares of NMR are rising with other East Asian ADRs this morning after the government of South Korea reported its grew a seasonally adjusted 2.9 percent during the third quarter, beating analysts' forecasts of 2.2 percent growth. This could be a good sign for Asian firms like NMR. Technical indicators for the stock are bearish and S&P does not currently have a STARS rating for NMR. We will just watch this one for now. There are no hedged trades we like the look of for NMR. [ABR-Seven Summits Strategic Investments NewsBite]

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