Knight Trading Group (NITE) Downgraded By Goldman Sachs

Posted: Monday, November 23, 2009 1:54 PM EDT

Knight Trading Group (NITE) was downgraded today by analysts at Goldman Sachs and the stock is now at $15.16, down $0.36 (-2.32%) on volume of 2,715,667 shares traded. The analysts downgraded NITE to Neutral from Buy. Over the last 52 weeks the stock has ranged from a low of $12.71 to a high of $23.11. Knight Trading Group stock has been showing support around $15.18 and resistance in the $15.70 range. Technical indicators for the stock are neutral and S&P gives NITE a neutral 3 STARS (out of 5) hold ranking. If you are looking for a hedged play on NITE the stock seems like it could be a candidate for an April out-of-the-money bear-call credit spread above the 17.50 range. [ABR-Seven Summits Strategic Investments NewsBite]

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