Lincoln National (LNC) Is Trading Higher Despite Downgrade, See What We Found Out About The Stock

Posted: Friday, November 13, 2009 2:15 PM EDT

Lincoln National (LNC) was downgraded today by analysts at EVA Dimensions, LLC and the stock is now at $23.70, up $0.21 (0.89%) on volume of 2,493,557 shares traded. The stock is trading slightly higher despite being downgraded by EVA Dimensions, LLC to Sell from Underweight. Over the last 52 weeks the stock has ranged from a low of $4.76 in last November to a high of $28.10 in last month. Lincoln National stock has been showing support around $22.58 and resistance in the $25.28 range. Technical indicators for the stock are bullish and S&P gives LNC a positive 4 STARS (out of 5) buy ranking. If you are looking for a hedged play on LNC the stock seems like it could be a candidate for a January out-of-the-money bull-put credit spread below the 17.50 range. [ABR-Seven Summits Strategic Investments NewsBite]

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