Talbots (TLB) NewsBite - One of Today's Top Gainers

Posted: Monday, November 09, 2009 2:20 PM EDT

Talbots (TLB) leads the list of top gainers so far today and is now at $9.37, up $0.87 (10.24%) on volume of 663,179 shares traded. Over the last 52 weeks the stock has ranged from a low of $1.19 to a high of $12.00. Talbots stock has been showing support around $8.19 and resistance in the $8.73 range. Technical indicators for the stock are bearish and S&P does not currently have a STARS rating for TLB. If you are looking for a hedged play on TLB the stock seems like it could be a candidate for a January out-of-the-money bull-put credit spread below the 7.50 range. [ABR-Seven Summits Strategic Investments NewsBite]

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