P F Changs China Bistro (PFCB) NewsBite - PFCB Upgraded By RBC Capital Markets

Posted: Monday, November 02, 2009 2:15 PM EDT

P F Changs China Bistro (PFCB) was upgraded today by analysts at RBC Capital Markets and the stock is now at $30.29, up $1.10 (3.77%) on volume of 833,478 shares traded. The brokerage upgraded PFCB to Outperform from Sector Perform. Over the last 52 weeks the stock has ranged from a low of $14.51 to a high of $36.98. P F Changs China Bistro stock has been showing support around $28.23 and resistance in the $31.09 range. Technical indicators for the stock are bearish and S&P gives PFCB a negative 2 STARS (out of 5) sell ranking. If you are looking for a hedged play on PFCB the stock seems like it could be a candidate for a January out-of-the-money bull-put credit spread below the 25 range. [ABR-Seven Summits Strategic Investments NewsBite]

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