T Rowe Price (TROW) NewsBite - TROW Upgraded By Credit Suisse

Posted: Wednesday, November 11, 2009 12:38 PM EDT

T Rowe Price (TROW) was upgraded today by analysts at Credit Suisse and the stock is now at $51.59, up $1.01 (2%) on volume of 1,772,812 shares traded. The stock is moving higher today after Credit Suisse upgraded the stock to Outperform from Neutral. Over the last 52 weeks the stock has ranged from a low of $20.09 in March to a high of $55.48 last month. T Rowe Price stock has been showing support around $49.78 and resistance in the $51.66 range. Technical indicators for the stock are neutral and S&P gives TROW a neutral 3 STARS (out of 5) hold ranking. If you are looking for a hedged play on TROW the stock seems like it could be a candidate for a January out-of-the-money bull-put credit spread below the 40 range. [ABR-Seven Summits Strategic Investments NewsBite]

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