J Crew (NYSE: JCG) NewsBite - JCG Hits 52-Week Low

Posted on Tuesday, August 19, 2008 3:48 PM
J Crew (NYSE: JCG) hit a new 52-Week low of $24.86 so far today. Currently the stock is down $1.28 (-4.82%) to $25.29 on 2,184,975 shares traded. Today's low is down $27.15 from a 52-Week high of $52.44. J Crew stock has been showing support around $25.08 and resistance in the $28.96 range. Technical indicators for the stock are bullish and S&P gives JCG a positive 4 STARS (out of 5) buy ranking. If you are looking for a hedged play on JCG the stock seems like it could be a candidate for a December out-of-the-money bear-call credit spread above the 35 range. [ABR-Seven Summits Strategic Investments NewsBite]
Stocks To Watch Today: MS, PBR, GM, F, MRK, BTU, NEM, BJ, PRU, UNP, TEVA, ACE (Click Symbol For Latest News)

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