Origin Agritech Limited (SEED) NewsBite - One Of Today's Top Losers So Far
Posted: Thursday, December 31, 2009 2:28 PM EDT
By: Market Intelligence Center Staff
Origin Agritech Limited (SEED) leads the list of top losers so far today and is now at $12.05, down $0.75 (-5.86%) on volume of 9,837,399 shares traded. Over the last 52 weeks the stock has ranged from a low of $1.70 to a high of $14.57. Origin Agritech Limited stock has been showing support around $7.95 and resistance in the $15.61 range. Technical indicators for the stock are bearish and S&P does not currently have a STARS rating for SEED. If you are looking for a hedged play on SEED the stock seems like it could be a candidate for a February out-of-the-money bear-call credit spread above the 14 range. [ABR-Seven Summits Strategic Investments NewsBite]
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