Accenture (ACN) NewsBite - ACN Hits 52-Week High

Posted: Tuesday, November 17, 2009 1:33 PM EDT

Accenture (NYSE: ACN) hit a new 52-Week high of $40.39 so far today. Currently the stock is up $0.31 (0.78%) to $40.23 on 2,584,131 shares traded. Today's high is up $13.98 from a 52-Week Low of $26.25. Accenture stock has been showing support around $39.37 and resistance in the $40.21 range. Technical indicators for the stock are neutral and S&P gives ACN a neutral 3 STARS (out of 5) hold ranking. Accenture has been in a steady climb for the past 3 months, and the stock traded up to a new 52 week high today earlier in the session. If you are looking for a hedged play on ACN the stock seems like it could be a candidate for a January out-of-the-money bull-put credit spread below the 30 range. [ABR-Seven Summits Strategic Investments NewsBite]

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