CR Bard (BCR) NewsBite - BCR Higher On Deutsche Bank Rating

Posted: Wednesday, November 04, 2009 1:05 PM EDT

CR Bard (NYSE: BCR) opened at $77.78. So far today, the stock has hit a low of $76.40 and a high of $77.78. BCR is now trading at $77.46, up $1.72 (2.27%). The stock hit its 52-Week high of $89.89 in last November and set its 52-Week low of $68.94 in April. The company reported fiscal fourth quarter earnings this morning of $1.29, compared with $1.12 for the same period last year. Deutsche Bank initiated coverage on the stock today with a Buy rating. Technical indicators for the stock are bullish and S&P gives BCR a positive 4 STARS (out of 5) buy ranking. If you are looking for a hedged play on BCR the stock seems like it could be a candidate for a January out-of-the-money bull-put credit spread below the 70 range. [ABR-Seven Summits Strategic Investments NewsBite]

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