Pan American Silver (PAAS) NewsBite - PAAS Lifted By Rising Silver
Posted: Tuesday, February 09, 2010 1:58 PM EDT
By: Market Intelligence Center Staff
Pan American Silver (NASDAQ: PAAS) opened at $21.25. So far today, the stock has hit a low of $21.12 and a high of $22.00. PAAS is now trading at $21.77, up $1.03 (4.97%). Over the last 52 weeks the stock has ranged from a low of $12.62 to a high of $27.31. PAAS shares are getting support from higher silver futures today. Technical indicators for the stock are bearish and S&P does not currently have a STARS rating for PAAS. If you are looking for a hedged play on PAAS the stock seems like it could be a candidate for an April out-of-the-money bull-put credit spread below the 19 range. [ABR-Seven Summits Strategic Investments NewsBite]
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