Arkansas Best (ABFS) NewsBite - ABFS Falls on Higher Oil

Posted on Wednesday, August 20, 2008 10:18 AM
Arkansas Best (NasdaqNM: ABFS) opened at $35.00. So far today, the stock has hit a low of $33.93 and a high of $35.21. ABFS is now trading at $34.35, down $1.59 (-4.42%). Over the last 52 weeks the stock has ranged from a low of $17.94 to a high of $45.13. Shares of ABFS are declining with other trucking companies this morning, hurt by higher oil futures. Technical indicators for the stock are bullish and S&P gives ABFS a positive 4 STARS (out of 5) buy ranking. If you are looking for a hedged play on ABFS the stock seems like it could be a candidate for a September out-of-the-money bear-call credit spread above the 40 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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