Harman International Industries (HAR) Is On The Move
Posted: Tuesday, February 09, 2010 2:05 PM EDT
By: Market Intelligence Center Staff
Harman International Industries (NYSE: HAR) hit a new 52-Week high of $42.06 so far today. Currently the stock is up $5.10 (14.37%) to $40.60 on 3,968,135 shares traded. Today's high is up $31.43 from a 52-Week Low of $9.17. Harman International Industries stock has been showing support around $33.67 and resistance in the $37.51 range. Technical indicators for the stock are bearish and S&P gives HAR a negative 1 STARS (out of 5) strong sell ranking. The stock is soaring today after posting better than expected numbers for its second quarter yesterday, posting 23 cents per share, well above the 7 cents that analysts had been expecting to see. If you are looking for a hedged play on HAR the stock seems like it could be a candidate for an April out-of-the-money bull-put credit spread below the 32.50 range. [ABR-Seven Summits Strategic Investments NewsBite]
CLICK HERE: FREE Harman International Industries (HAR) Stock ReportSee what our analysts have uncovered about Harman International Industries (HAR).