Knight Trading Group (NITE) Gains Over 3.5% On Broker Upgrade
Posted: Monday, March 08, 2010 1:48 PM EDT
By: Market Intelligence Center Staff
Knight Trading Group (NITE) was upgraded today by analysts at Thomas White/Global Capital and the stock is now at $16.63, up $0.58 (3.61%) on volume of 892,352 shares traded. Thomas White/Global Capital upgraded the stock today to Favorable from Neutral. Over the last 52 weeks the stock has ranged from a low of $13.39 last March to a high of $23.11 in October. Knight Trading Group stock has been showing support around $15.92 and resistance in the $16.24 range. Technical indicators for the stock are neutral and S&P gives NITE a neutral 3 STARS (out of 5) hold ranking. If you are looking for a hedged play on NITE the stock seems like it could be a candidate for a July out-of-the-money bull-put credit spread below the 15 range. [ABR-Seven Summits Strategic Investments NewsBite]
CLICK HERE: FREE Knight Trading Group (NITE) Stock ReportSee what our analysts have uncovered about Knight Trading Group (NITE).