Elan Corp (ELN) NewsBite - ELN Downgraded By UBS

Posted: Thursday, October 29, 2009 12:27 PM EDT

Elan Corp (ELN) was downgraded today by analysts at UBS and the stock is now at $5.12, up $0.10 (1.98%) on volume of 10,320,605 shares traded. UBS downgraded the stock today to Neutral, with the stock set a new 52 week low today. Over the last 52 weeks the stock has ranged from a low of $4.61 low today to a high of $9.13 in January. Elan Corp stock has been showing support around $4.71 and resistance in the $5.61 range. Technical indicators for the stock are neutral and S&P gives ELN a neutral 3 STARS (out of 5) hold ranking. There are no hedged trades that we like for Elan right at this time. [ABR-Seven Summits Strategic Investments NewsBite]

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