Terex (TEX) NewsBite - TEX Could Be On the Move

Posted: Tuesday, November 10, 2009 10:47 AM EDT

Terex (TEX) could be on the move today and is now at $21.99, up $0.31 (1.41%) on volume of 752,485 shares traded. Over the last 52 weeks the stock has ranged from a low of $7.34 to a high of $25.61. Terex stock has been showing support around $20.37 and resistance in the $22.37 range. Technical indicators for the stock are neutral and S&P gives TEX a neutral 3 STARS (out of 5) hold ranking. If you are looking for a hedged play on TEX the stock seems like it could be a candidate for a December out-of-the-money bull-put credit spread below the 19 range. [ABR-Seven Summits Strategic Investments NewsBite]

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