THQ (THQI) NewsBite - THQI Upgraded By Wedbush Morgan

Posted: Monday, November 23, 2009 2:00 PM EDT

THQ (THQI) was upgraded today by analysts at Wedbush Morgan and the stock is now at $4.92, up $0.23 (4.91%) on volume of 715,428 shares traded. The brokerage upped THQI to Neutral from Underperform. Over the last 52 weeks the stock has ranged from a low of $2.23 to a high of $9.03. THQ stock has been showing support around $4.47 and resistance in the $5.05 range. Technical indicators for the stock are neutral and S&P gives THQI a neutral 3 STARS (out of 5) hold ranking. If you are looking for a hedged play on THQI the stock seems like it could be a candidate for a June covered call above the 5 range. [ABR-Seven Summits Strategic Investments NewsBite]

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