Genzyme (GENZ) NewsBite - GENZ Covered In Vic Wisemann Report

Posted on Monday, August 18, 2008 11:42 AM

Genzyme (GENZ) was covered in a Vic Wisemann Report and the stock is now at $82.97, down $.09 (-0.11%) on volume of 822,916 shares traded. To see the report go to http://www.iotogo.com/vw81508 . Over the last 52 weeks the stock has ranged from a low of $58.71 on 8/20/07 to a high of $83.97 on 8/15/08. Genzyme stock has been showing support around $81.85 and resistance in the $84.57 range. Technical indicators for the stock are bullish and S&P gives GENZ a positive 5 STARS (out of 5) strong buy ranking. If you are looking for a hedged play on GENZ the stock seems like it could be a candidate for an October out-of-the-money bull-put credit spread below the 70 range. [ABR-Seven Summits Strategic Investments NewsBite]

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