TIBCO Software (TIBX) NewsBite - TIBX Downgraded By Goldman Sachs

Posted: Monday, November 16, 2009 11:28 AM EDT

TIBCO Software (TIBX) was downgraded today by analysts at Goldman Sachs and the stock is now at $9.11, down $0.27 (-2.88%) on volume of 3,380,203 shares traded. The analysts reduced TIBX to Sell from Neutral. Over the last 52 weeks the stock has ranged from a low of $3.45 to a high of $10.18. TIBCO Software stock has been showing support around $8.93 and resistance in the $9.61 range. Technical indicators for the stock are bullish and S&P gives TIBX a positive 4 STARS (out of 5) buy ranking. If you are looking for a hedged play on TIBX the stock seems like it could be a candidate for a January out-of-the-money bear-call credit spread above the 10 range. [ABR-Seven Summits Strategic Investments NewsBite]

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