Herman Miller (MLHR) Down Nearly 3% Following Broker Downgrade

Posted: Tuesday, March 16, 2010 2:57 PM EDT
By: Market Intelligence Center Staff





Herman Miller (MLHR) was downgraded today by analysts at Raymond James and the stock is now at $19.50, down $0.60 (-2.96%) on volume of 388,614 shares traded. Raymond James was downgraded to Market Perform from Outperform. Over the last 52 weeks the stock has ranged from a low of $9.16 last March to a high of $20.59 last week. Herman Miller stock has been showing support around $19.56 and resistance in the $20.44 range. Technical indicators for the stock are bullish and S&P gives MLHR a positive 4 STARS (out of 5) buy ranking. We will just watch this one for now. There are no hedged trades we like the look of for MLHR. [ABR-Seven Summits Strategic Investments NewsBite]



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