Aetna (AET) AET Rises on Market Rally

Posted: Monday, November 23, 2009 10:08 AM EDT

Aetna (NYSE: AET) opened at $28.85. So far today, the stock has hit a low of $28.81 and a high of $29.60. AET is now trading at $29.48, up $1.08 (3.8%). Over the last 52 weeks the stock has ranged from a low of $14.21 to a high of $34.87. AET shares are trading higher with the rest of the market this morning as a weakening dollar lifted the market and helped reverse a three-day losing streak. Technical indicators for the stock are bullish and S&P gives AET a positive 4 STARS (out of 5) buy ranking. If you are looking for a hedged play on AET the stock seems like it could be a candidate for a January out-of-the-money bull-put credit spread below the 25 range. [ABR-Seven Summits Strategic Investments NewsBite]

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