J Crew (JCG) Earnings Preview

Posted: Monday, November 23, 2009 2:35 PM EDT

J Crew (NYSE: JCG) opened at $41.68. So far today, the stock has hit a low of $40.40 and a high of $41.85. JCG is now trading at $40.53, down $0.02 (-0.05%). The stock hit its 52-Week high of $44.29 earlier this month and set its 52-Week low of $8.02 in January. The stock is relatively flat today ahead of third quarter earnings tomorrow after the market closes. Analysts are expecting to see the company post earnings of 58 cents per share. For the same period last year the company had 30 cents earnings. Technical indicators for the stock are neutral and S&P gives JCG a neutral 3 STARS (out of 5) hold ranking. If you are looking for a hedged play on JCG the stock seems like it could be a candidate for a March out-of-the-money bull-put credit spread below the 25 range. [ABR-Seven Summits Strategic Investments NewsBite]

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