Lincare (LNCR) NewsBite - LNCR Hits 52-Week High on Q4 Earnings
Posted: Tuesday, February 09, 2010 2:41 PM EDT
By: Market Intelligence Center Staff
Lincare (NASDAQ: LNCR) hit a new 52-Week high of $39.99 so far today. The company reported a fourth-quarter profit last night that that smashed analysts' forecasts. Currently the stock is up $1.61 (4.22%) to $39.79 on 1,824,361 shares traded. Today's high is up $20.36 from a 52-Week Low of $19.43. Lincare stock has been showing support around $37.01 and resistance in the $38.95 range. Technical indicators for the stock are neutral and S&P gives LNCR a neutral 3 STARS (out of 5) hold ranking. If you are looking for a hedged play on LNCR the stock seems like it could be a candidate for a May out-of-the-money bull-put credit spread below the 35 range. [ABR-Seven Summits Strategic Investments NewsBite]
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