DTE Energy (DTE) Trading Lower Despite Broker Upgrade

Posted: Friday, March 12, 2010 12:08 PM EDT
By: Market Intelligence Center Staff





DTE Energy (DTE) was upgraded today by analysts at EVA Dimensions, LLC and the stock is now at $44.57, down $0.34 (-0.76%) on volume of 251,991 shares traded. EVA Dimensions, LLC upgraded the stock today to Overweight from Hold. Over the last 52 weeks the stock has ranged from a low of $24.56 last March to a high of $45.23 earlier this month. DTE Energy stock has been showing support around $44.46 and resistance in the $45.14 range. Technical indicators for the stock are neutral and S&P gives DTE a neutral 3 STARS (out of 5) hold ranking. If you are looking for a hedged play on DTE the stock seems like it could be a candidate for a July out-of-the-money bull-put credit spread below the 40 range. [ABR-Seven Summits Strategic Investments NewsBite]



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Hedged Trade Ideas For DTE:

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