Ruby Tuesday (RT) NewsBite - RT Gets Boost From Banking Bailout

Posted: Friday, September 19, 2008 10:57 AM EDT

Ruby Tuesday (NYSE: RT) opened at $7.35. So far today, the stock has hit a low of $7.35 and a high of $7.99. RT is now trading at $7.49, up $0.39 (5.49%). Over the last 52 weeks the stock has ranged from a low of $5.07 to a high of $20.26. Shares of RT are rising with other restaurant stocks today following the announcement of the government's plan to rescue the troubled banking sector. Technical indicators for the stock are neutral and S&P gives RT a neutral 3 STARS (out of 5) hold ranking. If you are looking for a hedged play on RT the stock seems like it could be a candidate for an April covered call above the 7.50 range. [ABR-Seven Summits Strategic Investments NewsBite]

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