Lexmark International (LXK) NewsBite - LXK Added To Goldman's Conviction Sell List

Posted: Monday, November 09, 2009 12:12 PM EDT

Lexmark International (NYSE: LXK) opened at $25.95. So far today, the stock has hit a low of $24.80 and a high of $26.04. LXK is now trading at $25.26, down $1.42 (-5.33%). Over the last 52 weeks the stock has ranged from a low of $14.23 to a high of $29.16. Analysts at Goldman Sachs added LXK to the brokerage's Conviction Sell list today. Technical indicators for the stock are bullish and S&P gives LXK a positive 4 STARS (out of 5) buy ranking. If you are looking for a hedged play on LXK the stock seems like it could be a candidate for an April out-of-the-money bear-call credit spread above the 30 range. [ABR-Seven Summits Strategic Investments NewsBite]

Click Symbol For More News On: (LXK)