Diageo (DEO) Moves Higher Following Broker Upgrade
Posted: Wednesday, March 10, 2010 2:24 PM EDT
By: Market Intelligence Center Staff
Diageo (DEO) was upgraded today by analysts at EVA Dimensions, LLC and the stock is now at $65.74, up $0.40 (0.61%) on volume of 354,591 shares traded. EVA Dimensions, LLC upgraded the stock today to Hold from Underweight. Over the last 52 weeks the stock has ranged from a low of $41.49 last March to a high of $70.96 in January. Diageo stock has been showing support around $64.95 and resistance in the $65.95 range. Technical indicators for the stock are neutral and S&P gives DEO a neutral 3 STARS (out of 5) hold ranking. If you are looking for a hedged play on DEO the stock seems like it could be a candidate for a July out-of-the-money bull-put credit spread below the 60 range. [ABR-Seven Summits Strategic Investments NewsBite]
CLICK HERE: FREE Diageo (DEO) Stock ReportSee what our analysts have uncovered about Diageo (DEO).
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