Northwest Airlines (NWA) NewsBite - NWA Rises on Lower Oil

Posted: Thursday, October 09, 2008 12:03 PM EDT

Northwest Airlines (NYSE: NWA) opened at $7.12. So far today, the stock has hit a low of $7.03 and a high of $7.70. NWA is now trading at $7.20, up $0.60 (9.09%). Over the last 52 weeks the stock has ranged from a low of $4.68 to a high of $21.00. NWA shares are rising with other airlines today, helped by lower 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 a November out-of-the-money bull-put credit spread below the 5 range. [ABR-Seven Summits Strategic Investments NewsBite]

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