Sierra Wireless (SWIR) NewsBite - SWIR Upgraded By RBC Capital Markets

Posted: Tuesday, February 09, 2010 1:37 PM EDT
By: Market Intelligence Center Staff

Sierra Wireless (SWIR) was upgraded today by analysts at RBC Capital Markets and the stock is now at $12.02, up $0.85 (7.61%) on volume of 344,534 shares traded. The analysts lifted SWIR to Outperform from Sector Perform. Over the last 52 weeks the stock has ranged from a low of $2.64 to a high of $13.02. Sierra Wireless stock has been showing support around $10.41 and resistance in the $11.85 range. Technical indicators for the stock are bearish and S&P does not currently have a STARS rating for SWIR. If you are looking for a hedged play on SWIR the stock seems like it could be a candidate for a June out-of-the-money bull-put credit spread below the 10 range. [ABR-Seven Summits Strategic Investments NewsBite]