Nippon Telegraph & Telephone (NTT) NewsBite - NTT Boosted by Upgrade

Posted on Wednesday, May 14, 2008 1:02 PM

Nippon Telegraph & Telephone ADR (NTT) opened at 23.95. So far today, the stock has hit a low of 23.57 and a high of 23.95. NTT is now trading at 23.92, up 1.44 (6.01%). The stock hit its 52 week high of 24.98 in January and set its 52 week low of 19.43 in March. NTT rose during the second half of 2007, but has shown signs of weakness this year. Nippon Telegraph & Telephone shares have been surging after a UBS analyst lifted his rating on the stock to "Buy" from "Neutral." Technical indicators for the stock are neutral and slightly improving. If you're looking for a hedged trade on this stock, consider a December covered call at the $22.50 level. This stock could fall by 10.7% before this position would start to lose money. [RHF - Seven Summits Strategic Investments NewsBite]