Harmony Gold Mining (HMY) NewsBite - HMY Trading Up Over 1.5% Despite Hold Rating

Posted: Monday, November 02, 2009 1:04 PM EDT

Harmony Gold Mining (NYSE: HMY) opened at $9.93. So far today, the stock has hit a low of $9.78 and a high of $10.22. HMY is now trading at $10.12, up $0.16 (1.61%). The stock hit its 52-Week high of $13.25 in February and set its 52-Week low of $5.47 in November. Deutsche Bank initiated coverage on the stock today and set a Hold rating on its shares. Technical indicators for the stock are and S&P does not currently have a STARS rating for HMY. If you are looking for a hedged play on HMY the stock seems like it could be a candidate for a January out-of-the-money bull-put credit spread below the 8 range. [ABR-Seven Summits Strategic Investments NewsBite]

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