Cypress Semiconductor (CY) Gets The Cramer Effect
Posted: Friday, November 13, 2009 11:32 AM EDT
Cypress Semiconductor (NasdaqNM: CY) opened at $9.49. So far today, the stock has hit a low of $9.25 and a high of $9.51. CY is now trading at $9.37, up $0.30 (3.31%). Over the last 52 weeks the stock has ranged from a low of $2.54 to a high of $11.66. Shares of CY are rising this morning after CNBC's Jim Cramer praised the stock on Mad Money last night, saying it "shouldn’t be this cheap, shouldn’t be this low." This could be a good sign for CY. Technical indicators for the stock are neutral and S&P gives CY a neutral 3 STARS (out of 5) hold ranking. If you are looking for a hedged play on CY the stock seems like it could be a candidate for a March out-of-the-money bull-put credit spread below the 8 range. [ABR-Seven Summits Strategic Investments NewsBite]
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