AMR (AMR) NewsBite - One of Today's Top Gainers
Posted: Tuesday, February 09, 2010 2:38 PM EDT
By: Market Intelligence Center Staff
AMR (AMR) leads the list of top gainers so far today and is now at $8.01, up $0.69 (9.43%) on volume of 20,498,092 shares traded. Earlier today Japan Airlines announced that it has chosen to stay part of AMR's Oneworld alliance, rejecting an offer to switch to Delta Air
Lines' (DAL) SkyTeam group. Over the last 52 weeks the stock has ranged from a low of $2.40 to a high of $9.24. AMR stock has been showing support around $7.05 and resistance in the $7.63 range. Technical indicators for the stock are neutral and S&P gives AMR a neutral 3 STARS (out of 5) hold ranking. If you are looking for a hedged play on AMR the stock seems like it could be a candidate for a May out-of-the-money bull-put credit spread below the 7 range. [ABR-Seven Summits Strategic Investments NewsBite]
CLICK HERE: FREE AMR (AMR) Stock ReportSee what our analysts have uncovered about AMR (AMR).
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