Vimpel Communications (VIP) Is One of Today's Top Gainers
Posted: Friday, March 19, 2010 2:34 PM EDT
By: Market Intelligence Center Staff
Vimpel Communications (VIP) leads the list of top gainers so far today and is now at $17.60, up $0.83 (4.95%) on volume of 10,131,727 shares traded. Over the last 52 weeks the stock has ranged from a low of $6.25 to a high of $22.55. Vimpel Communications stock has been showing support around $16.06 and resistance in the $18.06 range. Technical indicators for the stock are neutral and S&P gives VIP a neutral 3 STARS (out of 5) hold ranking. If you are looking for a hedged play on VIP 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]
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