Lamar Advertising (LAMR) NewsBite - One of Today's Top Gainers So Far

Posted: Friday, November 14, 2008 3:14 PM EDT

Lamar Advertising (LAMR) leads the list of top gainers so far today and is now at $14.92, up $0.62 (4.34%) on volume of 638,857 shares traded. Over the last 52 weeks the stock has ranged from a low of $11.06 to a high of $52.70. Lamar Advertising stock has been showing support around $11.10 and resistance in the $15.92 range. Technical indicators for the stock are neutral and S&P gives LAMR a neutral 3 STARS (out of 5) hold ranking. If you are looking for a hedged play on LAMR the stock seems like it could be a candidate for a December out-of-the-money bull-put credit spread below the 12.50 range. [ABR-Seven Summits Strategic Investments NewsBite]

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