STMicroelectronics (STM) NewsBite - STM Is On the Move
Posted: Friday, November 20, 2009 11:31 AM EDT
STMicroelectronics (STM) appears to be on the move today and is now at $8.30, down $0.34 (-3.94%) on volume of 1,116,966 shares traded. Over the last 52 weeks the stock has ranged from a low of $3.73 to a high of $10.28. STMicroelectronics stock has been showing support around $8.42 and resistance in the $8.82 range. Technical indicators for the stock are bearish and S&P gives STM a negative 2 STARS (out of 5) sell ranking. We will just watch this one for now. There are no hedged trades we like the look of for STM. [ABR-Seven Summits Strategic Investments NewsBite]
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