LAN Airlines (LFL) NewsBite - Upgrade Lifts Lan Airlines

Thursday, July 31, 2008 12:18 PM EDT

Lan Airlines SA (LFL) opened at 11.42. So far today, the stock has hit a low of 11.36 and a high of 11.89. LFL is now trading at 11.87, up 0.43 (3.77%). The stock hit its 52 week high of 17.59 in September and set its 52 week low of 8.60 in July. LFL has been dropping for the past year. Shares of Lan Airlines have been soaring in today's session after a UBS analyst lifted his rating on the stock to "Neutral" from "Sell." Technical indicators for the stock are neutral and improving. If you’re looking for a hedged play on this stock, consider a December bull-put credit spread below the $10 range. LFL stock could fall up to 15.8% before expiration and this position would still be profitable. [RHF - Seven Summits Strategic Investments NewsBite]

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