Revlon (REV) NewsBite - REV Hits 52-Week High

Posted: Thursday, November 12, 2009 11:48 AM EDT

Revlon (NYSE: REV) hit a new 52-Week high of $15.93 so far today. Currently the stock is up $1.13 (7.79%) to $15.64 on 712,105 shares traded. Today's high is up $13.34 from a 52-Week Low of $2.30. Revlon stock has been showing support around $13.27 and resistance in the $15.31 range. Technical indicators for the stock are bullish and S&P does not currently have a STARS rating for REV. If you are looking for a hedged play on REV the stock seems like it could be a candidate for a December out-of-the-money bull-put credit spread below the 12.50 range. [ABR-Seven Summits Strategic Investments NewsBite]

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