Temple-Inland (TIN) NewsBite - Temple-Inland Surges on Upgrade

Posted on Thursday, May 15, 2008 12:26 PM

Temple-Inland Inc. (TIN) opened at 13.90. So far today, the stock has hit a low of 13.90 and a high of 14.91. TIN is now trading at 14.66, up 1.09 (7.84%). The stock hit its 52 week high of 66.28 in July and set its 52 week low of 11.27 in April. TIN has been moving upwards for the past year. Temple-Inland shares have been surging after a Longbow analyst lifted his rating on the stock to "Buy" from "Neutral." Technical indicators for the stock are neutral and improving while S&P gives TIN a neutral 3 STARS (out of 5) hold rating. If you’re looking for a hedged play on this stock, consider an August bull-put credit spread below the $12.50 range. TIN stock could fall up to 14.7% before expiration and this position would still be profitable. [RHF - Seven Summits Strategic Investments NewsBite]