Pall (PLL) Slightly Lower Despite Broker Upgrade, See How to Profit From Today's Dip

Posted: Friday, November 20, 2009 1:30 PM EDT

Pall (PLL) was upgraded today by analysts at EVA Dimensions, LLC and the stock is now at $32.09, down $0.26 (-0.8%) on volume of 421,756 shares traded. EVA Dimensions, LLC upgraded the stock today to Overweight from Hold. Over the last 52 weeks the stock has ranged from a low of $18.20 in March to a high of $35.23 in earlier this week. Pall stock has been showing support around $30.99 and resistance in the $33.91 range. Technical indicators for the stock are neutral and S&P gives PLL a neutral 3 STARS (out of 5) hold ranking. If you are looking for a hedged play on PLL the stock seems like it could be a candidate for a December out-of-the-money bull-put credit spread below the 30 range. [ABR-Seven Summits Strategic Investments NewsBite]

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