Find Out Why Qwest Communications International (Q) Is Trading Higher

Posted: Monday, November 23, 2009 12:29 PM EDT

Qwest Communications International (Q) was upgraded today by analysts at Piper Jaffray and the stock is now at $3.77, up $0.03 (0.8%) on volume of 6,555,836 shares traded. The stock is moving slightly higher today after it was upgraded by Piper Jaffray to Neutral from Underperform. Over the last 52 weeks the stock has ranged from a low of $2.10 last November to a high of $4.87 in May. Qwest Communications International stock has been showing support around $3.57 and resistance in the $3.89 range. Technical indicators for the stock are neutral and S&P gives Q a neutral 3 STARS (out of 5) hold ranking. We will just watch this one for now. There are no hedged trades we like the look of for Q. [ABR-Seven Summits Strategic Investments NewsBite]

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