DSW (DSW) Third Quarter Earnings Preview

Posted: Monday, November 23, 2009 2:15 PM EDT

DSW (NYSE: DSW) opened at $20.59. So far today, the stock has hit a low of $20.10 and a high of $20.94. DSW is now trading at $20.11, down $0.15 (-0.74%). The stock hit its 52-Week high of $22.43 last month and set its 52-Week low of $6.66 in March. The stock is slightly lower today ahead of tomorrow's earnings release. The company is due to report third quarter earnings prior to the market open and analysts are expecting the company to show earnings of 46 cents per share. For the same period last year the company had 30 cents per share. Technical indicators for the stock are and S&P does not currently have a STARS rating for DSW. If you are looking for a hedged play on DSW the stock seems like it could be a candidate for a January out-of-the-money bull-put credit spread below the 17.50 range. [ABR-Seven Summits Strategic Investments NewsBite]

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