Dillards (DDS) Rises on Broker Upgrade

Posted: Friday, November 20, 2009 1:58 PM EDT

Dillards (NYSE: DDS) opened at $15.18. So far today, the stock has hit a low of $15.01 and a high of $15.63. DDS is now trading at $15.50, up $1.22 (8.54%). Over the last 52 weeks the stock has ranged from a low of $2.50 to a high of $15.72. DDS was upgraded at Deutsche Bank today to Buy from Hold. Technical indicators for the stock are bearish and S&P gives DDS a negative 2 STARS (out of 5) sell ranking. If you are looking for a hedged play on DDS the stock seems like it could be a candidate for a February out-of-the-money bull-put credit spread below the 12.50 range. [ABR-Seven Summits Strategic Investments NewsBite]

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