LG Philips (LPL) NewsBite - LPL Hits 52-Week Low

Posted on Thursday, August 21, 2008 2:09 PM
LG Philips (NYSE: LPL) hit a new 52-Week low of $13.95 so far today. Currently the stock is down $0.57 (-4.03%) to $13.58 on 456,019 shares traded. Today's low is down $17.71 from a 52-Week high of $31.29. LG Philips stock has been showing support around $13.88 and resistance in the $14.40 range. Technical indicators for the stock are neutral and S&P gives LPL a neutral 3 STARS (out of 5) hold ranking. If you are looking for a hedged play on LPL the stock seems like it could be a candidate for a January out-of-the-money bear-call credit spread above the 17.50 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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