Posted: Wednesday, January 5, 2011 1:50 PM ET
Barnes and Noble (BKS) was upgraded today by analysts at Credit Suisse and the stock is now at $15.96, up $0.46 (2.97%) on volume of 412,117 shares traded. The stock was lifted to Neutral from Underperform. Over the last 52 weeks the stock has ranged from a low of $11.89 to a high of $24.71. Barnes and Noble has been showing support around $14.97 and resistance in the $16.27 range. Technical indicators for the stock are neutral and S&P gives BKS a neutral 3 STARS (out of 5) hold ranking. If you are looking for a hedged play on BKS the stock seems like it could be a candidate for an April out-of-the-money bull-put credit spread below the 14 range. [ABR-Seven Summits Strategic Investments NewsBite]
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