Werner Enterprises (WERN) NewsBite - WERN Hits 52-Week High

Posted: Friday, September 19, 2008 3:26 PM EDT

Werner Enterprises (NasdaqNM: WERN) hit a new 52-Week high of $28.78 so far today. Currently the stock is up $0.17 (0.66%) to $26.00 on 3,522,901 shares traded. Today's high is up $10.74 from a 52-Week Low of $15.26. Werner Enterprises stock has been showing support around $24.16 and resistance in the $26.92 range. Technical indicators for the stock are neutral and S&P gives WERN a neutral 3 STARS (out of 5) hold ranking. If you are looking for a hedged play on WERN the stock seems like it could be a candidate for an October out-of-the-money bull-put credit spread below the 22.50 range. [ABR-Seven Summits Strategic Investments NewsBite]

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