Northwest Airlines (NWA) NewsBite - NWA Rises On Lower Oil Futures

Friday, September 26, 2008 2:04 PM EDT

Northwest Airlines (NYSE: NWA) is now trading at $10.13, up $0.25 (2.53%). Over the last 52 weeks the stock has ranged from a low of $4.68 to a high of $21.00. Shares of NWA are rising today with other airlines, helped by falling 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 bull-put credit spread below the 7.50 range. [ABR-Seven Summits Strategic Investments NewsBite]

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