Northwest Airlines (NWA) NewsBite - NWA Falls on Oil Futures

Posted: Wednesday, September 24, 2008 1:48 PM EDT

Northwest Airlines (NYSE: NWA) opened at $10.40. So far today, the stock has hit a low of $9.76 and a high of $10.45. NWA is now trading at $9.76, down $0.79 (-7.49%). Over the last 52 weeks the stock has ranged from a low of $4.68 to a high of $21.00. NWA shares are trading lower with other airlines today, hurt by rising oil futures. Technical indicators for the stock are bullish and S&P gives NWA a positive 4 STARS (out of 5) buy ranking. If you are looking for a hedged play on NWA the stock seems like it could be a candidate for an October out-of-the-money bear-call credit spread above the 12.50 range. [ABR-Seven Summits Strategic Investments NewsBite]

Click Symbol For More News On: (NWA)