Aeropostale (ARO) NewsBite - ARO Upgraded By Piper Jaffray
Posted: Friday, March 12, 2010 12:05 PM EDT
By: Market Intelligence Center Staff
Aeropostale (ARO) was upgraded today by analysts at Piper Jaffray and the stock is now at $28.44, up $1.39 (5.14%) on volume of 3,881,688 shares traded. Piper Jaffray upgraded the stock today to Neutral from Underweight. Over the last 52 weeks the stock has ranged from a low of $15.95 last March to a high of $29.90 in September. Aeropostale stock has been showing support around $25.78 and resistance in the $27.92 range. Technical indicators for the stock are bullish and S&P gives ARO a positive 4 STARS (out of 5) buy ranking. If you are looking for a hedged play on ARO the stock seems like it could be a candidate for a July out-of-the-money bull-put credit spread below the 23 range. [ABR-Seven Summits Strategic Investments NewsBite]
CLICK HERE: FREE Aeropostale (ARO) Stock ReportSee what our analysts have uncovered about Aeropostale (ARO).