Agrium (AGU) NewsBite - Agrium Jumps on Overweight Rating

Posted on Friday, September 05, 2008 2:41 PM
Agrium (NYSE: AGU) opened at $75.69. So far today, the stock has hit a low of $72.03 and a high of $77.00. AGU is now trading at $76.94, up $2.86 (3.86%). The stock hit its 52-Week high of $113.88 in June and set its 52-Week low of $45.75 in September. Agrium shares have been taking a lift after a Morgan Stanley analyst initialed coverage on the stock with an "Overweight" rating. Technical indicators for the stock are bullish and S&P does not currently have a STARS rating for AGU. If you are looking for a hedged play on AGU the stock seems like it could be a candidate for a September out-of-the-money bull-put credit spread below the 65 range. [ABR-Seven Summits Strategic Investments NewsBite]
Stocks To Watch Today: C, TIF, RTP, JCG, HLTH, PDLI, TIE, CAJ, EXM, ILMN, HOC (Click Symbol For Latest News)

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