Onyx Pharmaceuticals (ONXX) NewsBite - ONXX Could Be On the Move

Posted on Wednesday, August 27, 2008 3:18 PM
Onyx Pharmaceuticals (ONXX) could be on the move today and is now at $40.80, down $0.44 (-1.07%) on volume of 494,982 shares traded. Over the last 52 weeks the stock has ranged from a low of $24.60 in March to a high of $61.18 in November. Onyx Pharmaceuticals stock has been showing support around $40.22 and resistance in the $42.32 range. Technical indicators for the stock are bullish and S&P does not currently have a STARS rating for ONXX. If you are looking for a hedged play on ONXX the stock seems like it could be a candidate for a September out-of-the-money bear-call credit spread above the 45 range. [ABR-Seven Summits Strategic Investments NewsBite]
Stocks To Watch Today: GE, XTO, TM, GM, KEY, APC, NUE, JCP, DE, CAM, KLAC, NOC (Click Symbol For Latest News)

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