Taiwan Semiconductor Manufacturing (TSM) NewsBite - TSM Upgraded By Citigroup

Posted: Thursday, October 09, 2008 12:59 PM EDT

Taiwan Semiconductor Manufacturing (TSM) was upgraded today by analysts at Citigroup and the stock is now at $8.24, up $0.05 (0.61%) on volume of 8,766,866 shares traded. The analyst upgraded TSM to "Buy" from "Hold." Over the last 52 weeks the stock has ranged from a low of $7.56 to a high of $11.97. Taiwan Semiconductor Manufacturing stock has been showing support around $7.43 and resistance in the $8.83 range. Technical indicators for the stock are bullish and S&P gives TSM a positive 4 STARS (out of 5) buy ranking. We will just watch this one for now. There are no hedged trades we like the look of for TSM. [ABR-Seven Summits Strategic Investments NewsBite]

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