WMS Industries (WMS) NewsBite - WMS Rises on Buy Rating

Posted: Friday, November 13, 2009 2:32 PM EDT

WMS Industries (NYSE: WMS) opened at $43.01. So far today, the stock has hit a low of $42.68 and a high of $43.68. WMS is now trading at $43.50, up $0.78 (1.83%). Over the last 52 weeks the stock has ranged from a low of $15.48 to a high of $50.11. Deutsche Securities initiated coverage on WMS today, starting the stock at Buy with a $56 price target. Technical indicators for the stock are neutral and S&P gives WMS a neutral 3 STARS (out of 5) hold ranking. If you are looking for a hedged play on WMS the stock seems like it could be a candidate for an April out-of-the-money bull-put credit spread below the 35 range. [ABR-Seven Summits Strategic Investments NewsBite]

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