Burlington Northern (BNI) NewsBite - BNI Hits 52-Week High

Posted: Tuesday, November 24, 2009 1:14 PM EDT

Burlington Northern (NYSE: BNI) hit a new 52-Week high of $98.40 so far today. Currently the stock is down $0.05 (-0.05%) to $98.21 on 1,511,637 shares traded. Today's high is up $47.35 from a 52-Week Low of $50.86 in March. Burlington Northern stock has been showing support around $98.03 and resistance in the $98.43 range. Technical indicators for the stock are neutral and S&P gives BNI a neutral 3 STARS (out of 5) hold ranking. The stock continues its recent strong upward trend and rose to a new 52 week high earlier in the session. If you are looking for a hedged play on BNI the stock seems like it could be a candidate for a January out-of-the-money bull-put credit spread below the 90 range. [ABR-Seven Summits Strategic Investments NewsBite]

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