Affiliated Managers Group (AMG) NewsBite - AMG Upgraded By EVA Dimensions, LLC

Posted: Friday, November 20, 2009 1:36 PM EDT

Affiliated Managers Group (AMG) was upgraded today by analysts at EVA Dimensions, LLC and the stock is now at $66.66, down $0.58 (-0.86%) on volume of 338,623 shares traded. EVA Dimensions, LLC upgraded the stock today to Underweight from Sell. Over the last 52 weeks the stock has ranged from a low of $17.93 last November to a high of $73.50 last month. Affiliated Managers Group stock has been showing support around $65.48 and resistance in the $69.90 range. Technical indicators for the stock are neutral and S&P gives AMG a neutral 3 STARS (out of 5) hold ranking. If you are looking for a hedged play on AMG the stock seems like it could be a candidate for a January out-of-the-money bull-put credit spread below the 55 range. [ABR-Seven Summits Strategic Investments NewsBite]

Click Symbol For More News On: (AMG)