Liz Claiborne (LIZ) NewsBite - Liz Claiborne Up on Surprising RL Earnings

Posted on Wednesday, May 28, 2008 12:31 PM

Liz Claiborne Inc. (LIZ) opened at 17.18. So far today, the stock has hit a low of 17.18 and a high of 17.70. LIZ is now trading at 17.44, up 0.39 (2.27%). The stock hit its 52 week high of 38.90 in July and set its 52 week low of 15.96 in March. LIZ has been losing ground for the past year. Shares of apparel makers have been rallying after competitor Polo Ralph Lauren Corp. (RL) reported fourth-quarter earnings jumped 41% and forecast first-quarter sales growth. Technical indicators for the stock are bullish but slightly deteriorating while S&P gives LIZ a neutral 3 STARS (out of 5) hold rating. If you’re looking for a hedged play on this stock, consider an October bull-put credit spread below the $12.50 range. LIZ stock could fall up to 28.3% before expiration and this position would still be profitable. [RHF - Seven Summits Strategic Investments NewsBite]