Bank of Ireland (IRE) NewsBite - IRE Could Be On the Move

Posted: Tuesday, November 17, 2009 10:24 AM EDT

Bank of Ireland (IRE) could be on the move today and is now at $9.99, down $0.72 (-6.72%) on volume of 333,755 shares traded. Over the last 52 weeks the stock has ranged from a low of $.66 to a high of $20.18. Bank of Ireland stock has been showing support around $10.11 and resistance in the $11.33 range. Technical indicators for the stock are bearish and S&P does not currently have a STARS rating for IRE. If you are looking for a hedged play on IRE the stock seems like it could be a candidate for a January out-of-the-money bear-call credit spread above the 15 range. [ABR-Seven Summits Strategic Investments NewsBite]

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