Meridian Bioscience (VIVO) NewsBite - VIVO Surges on Upgrade

Monday, July 21, 2008 12:17 PM EDT

Meridian Bioscience Inc. (VIVO) opened at 26.83. So far today, the stock has hit a low of 24.73 and a high of 27.00. VIVO is now trading at 24.91, up 0.95 (3.54%). The stock hit its 52 week high of 37.00 in April and set its 52 week low of 21.41 in August. VIVO has been generally higher for the past year. Meridian Bioscience shares have been soaring in today's session after a Hilliard Lyons analyst raised his rating on the stock to "Long-term Buy" from "Neutral." Technical indicators for the stock are neutral and steady. If you’re looking for a hedged play on this stock, consider an October bull-put credit spread below the $22.50 range. VIVO stock could fall up to 9.7% before expiration and this position would still be profitable. [RHF - Seven Summits Strategic Investments NewsBite]

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