TJX (TJX) NewsBite - TJX Downgraded By Jefferies & Co.
Posted: Monday, January 04, 2010 1:54 PM EDT
By: Market Intelligence Center Staff
TJX (TJX) was downgraded today by analysts at Jefferies & Co. and the stock is now at $36.31, down $0.24 (-0.66%) on volume of 3,024,342 shares traded. The brokerage cut TJX to Underperform from Hold. Over the last 52 weeks the stock has ranged from a low of $19.16 to a high of $40.64. TJX stock has been showing support around $36.25 and resistance in the $37.13 range. Technical indicators for the stock are bullish and S&P gives TJX a positive 4 STARS (out of 5) buy ranking. If you are looking for a hedged play on TJX the stock seems like it could be a candidate for an April out-of-the-money bear-call credit spread above the 40 range. [ABR-Seven Summits Strategic Investments NewsBite]
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