Dreamworks Animation (DWA) Is On the Move
Posted: Monday, March 08, 2010 10:29 AM EDT
By: Market Intelligence Center Staff
Dreamworks Animation (DWA) appears to be on the move today and is now at $42.56, up $.80 (1.92%) on volume of 154,930 shares traded. Over the last 52 weeks the stock has ranged from a low of $17.91 in March of 2009 to a high of $43.51 in the past week. Dreamworks Animation stock has been showing support around $41.15 and resistance in the $42.21 range. Technical indicators for the stock are bullish and S&P gives DWA a positive 4 STARS (out of 5) buy ranking. If you are looking for a hedged play on DWA the stock seems like it could be a candidate for a June out-of-the-money bull-put credit spread below the 35 range. [ABR-Seven Summits Strategic Investments NewsBite]
CLICK HERE: FREE Dreamworks Animation (DWA) Stock ReportSee what our analysts have uncovered about Dreamworks Animation (DWA).