XL Capital (XL) NewsBite - XL Upgraded By Bernstein

Posted: Thursday, November 19, 2009 2:00 PM EDT

XL Capital (XL) was upgraded today by analysts at Bernstein and the stock is now at $17.89, up $0.04 (0.22%) on volume of 2,009,456 shares traded. The analysts upgraded XL to Outperform from Market Perform. Over the last 52 weeks the stock has ranged from a low of $2.56 to a high of $18.65. XL Capital stock has been showing support around $17.54 and resistance in the $18.24 range. Technical indicators for the stock are neutral and S&P gives XL a neutral 3 STARS (out of 5) hold ranking. If you are looking for a hedged play on XL the stock seems like it could be a candidate for a December out-of-the-money bull-put credit spread below the 16 range. [ABR-Seven Summits Strategic Investments NewsBite]

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