See Whats Driving Manpower (MAN) Higher

Posted: Friday, November 20, 2009 1:17 PM EDT

Manpower (MAN) was upgraded today by analysts at EVA Dimensions, LLC and the stock is now at $49.15, up $0.07 (0.14%) on volume of 267,594 shares traded. EVA Dimensions, LLC upgraded the stock today to Hold from Underweight. Over the last 52 weeks the stock has ranged from a low of $22.61 last November to a high of $63.00 last month. Manpower stock has been showing support around $47.54 and resistance in the $50.62 range. Technical indicators for the stock are bearish and S&P gives MAN a negative 2 STARS (out of 5) sell ranking. If you are looking for a hedged play on MAN the stock seems like it could be a candidate for a December out-of-the-money bull-put credit spread below the 45 range. [ABR-Seven Summits Strategic Investments NewsBite]

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