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

Posted: Tuesday, October 21, 2008 2:09 PM EDT

Northwest Airlines (NYSE: NWA) opened at $11.59. So far today, the stock has hit a low of $11.21 and a high of $12.18. NWA is now trading at $12.13, up $0.70 (6.12%). 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, helped by declining 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 December out-of-the-money bull-put credit spread below the 7.50 range. [ABR-Seven Summits Strategic Investments NewsBite]

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