See How Traders React To Lincare (LNCR) Upgrade

Posted: Wednesday, November 18, 2009 12:22 PM EDT

Lincare (LNCR) was upgraded today by analysts at Thomas Weise and the stock is now at $35.72, down $.26 (-0.71%) on volume of 279,568 shares traded. The stock is slightly lower today despite being upgraded by Thomas Weise to Overweight from Outperform. Over the last 52 weeks the stock has ranged from a low of $19.43 in March to a high of $36.47 in earlier this month. Lincare stock has been showing support around $34.44 and resistance in the $37.24 range. Technical indicators for the stock are bullish and S&P gives LNCR a positive 4 STARS (out of 5) buy ranking. If you are looking for a hedged play on LNCR 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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