Bare Escentuals (BARE) NewsBite - Bare Escentuals Surges on Upgrade

Posted on Monday, June 16, 2008 12:37 PM

Bare Escentuals Inc. (BARE) opened at 21.81. So far today, the stock has hit a low of 21.75 and a high of 22.61. BARE is now trading at 22.23, up 1.46 (6.69%). The stock hit its 52 week high of 36.36 in June and set its 52 week low of 17.93 in May. BARE has been losing ground for the past year. Bare Escentuals shares have been soaring following a Citigroup analyst's decision to upgrade the stock to "Buy" from "Hold." Technical indicators for the stock are neutral and improving while S&P gives BARE a neutral 3 STARS (out of 5) hold rating. If you’re looking for a hedged play on this stock, consider a September bull-put credit spread below the $17.50 range. BARE stock could fall up to 21.3% before expiration and this position would still be profitable. [RHF - Seven Summits Strategic Investments NewsBite]