UBS (UBS) NewsBite - UBS Is On the Move

Posted: Friday, November 20, 2009 11:49 AM EDT

UBS (UBS) appears to be on the move today and is now at $15.75, down $0.49 (-3.02%) on volume of 1,617,144 shares traded. Over the last 52 weeks the stock has ranged from a low of $7.04 to a high of $19.32. UBS stock has been showing support around $15.91 and resistance in the $16.65 range. Technical indicators for the stock are neutral and S&P gives UBS a neutral 3 STARS (out of 5) hold ranking. If you are looking for a hedged play on UBS the stock seems like it could be a candidate for a March out-of-the-money bear-call credit spread above the 18 range. [ABR-Seven Summits Strategic Investments NewsBite]

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