SAP AG
(SAP) opened at 48.63. So far today, the stock has hit a low of 48.45 and a high of 48.63. SAP is now trading at 48.54, up 0.60 (1.23%). The stock hit its 52 week high of 59.86 in October and set its 52 week low of 43.00 in January. SAP has traded lower since October of last year, but is showing some signs of rebound recently. Shares of technology stocks have been climbing today lifted by National Semiconductor Corp.
(NSM) whose shares gained over 11% after the company posted stronger-than-expected third-quarter profit of $71.2 million, or 28 cents a share. Technical indicators for the stock are neutral and improving while S&P gives SAP a positive 4 STARS (out of 5) buy rating. If you’re looking for a hedged play on this stock, consider an April bull-put credit spread below the $42.50 range. SAP stock could fall up to 12.4% before expiration and this position would still be profitable. [RHF - Seven Summits Strategic Investments NewsBite]