Bank of New York Mellon (BK) NewsBite - One of Today's Top Gainers So Far

Posted on Thursday, October 09, 2008 3:33 PM
Bank of New York Mellon (BK) leads the list of top gainers so far today and is now at $25.28, up $0.85 (3.48%) on volume of 11,546,805 shares traded. Over the last 52 weeks the stock has ranged from a low of $20.49 to a high of $50.26. Bank of New York Mellon stock has been showing support around $14.95 and resistance in the $35.53 range. Technical indicators for the stock are neutral and S&P gives BK a neutral 3 STARS (out of 5) hold ranking. If you are looking for a hedged play on BK the stock seems like it could be a candidate for an October out-of-the-money bull-put credit spread below the 20 range. [ABR-Seven Summits Strategic Investments NewsBite]
Stocks To Watch Today: C, TIF, RTP, JCG, HLTH, PDLI, TIE, CAJ, EXM, ILMN, HOC (Click Symbol For Latest News)

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