First Cash Financial Services (FCFS) NewsBite - First Cash Surges on Upgrade

Posted on Thursday, June 05, 2008 12:15 PM

First Cash Financial Services Inc. (FCFS) opened at 15.61. So far today, the stock has hit a low of 15.51 and a high of 16.25. FCFS is now trading at 16.13, up 1.12 (7.17%). The stock hit its 52 week high of 25.80 in June and set its 52 week low of 7.54 in March. FCFS fell during 2007, but has been stronger this year. Shares of First Cash Financial Services have been surging after a Roth Capital analyst lifted his rating on the stock to "Buy" from "Hold." Technical indicators for the stock are bullish and steady. If you’re looking for a hedged play on this stock, consider a September bull-put credit spread below the $12.50 range. FCFS stock could fall up to 22.5% before expiration and this position would still be profitable. [RHF - Seven Summits Strategic Investments NewsBite]