Banco Santander (STD) NewsBite - STD Hits 52-Week High

Posted: Wednesday, November 25, 2009 2:21 PM EDT

Banco Santander (NYSE: STD) hit a new 52-Week high of $17.85 so far today. Currently the stock is up $0.20 (1.13%) to $17.85 on 1,546,837 shares traded. Today's high is up $12.98 from a 52-Week Low of $4.87. Banco Santander stock has been showing support around $17.42 and resistance in the $17.78 range. Technical indicators for the stock are bullish and S&P gives STD a positive 4 STARS (out of 5) buy ranking. If you are looking for a hedged play on STD the stock seems like it could be a candidate for a June out-of-the-money bull-put credit spread below the 15 range. [ABR-Seven Summits Strategic Investments NewsBite]

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