UBS (UBS) NewsBite - UBS Hits 52-Week Low

Friday, November 14, 2008 3:28 PM EDT

UBS (NYSE: UBS) hit a new 52-Week low of $11.85 so far today. Currently the stock is down $1.61 (-11.81%) to $12.02 on 5,299,868 shares traded. Today's low is down $39.87 from a 52-Week high of $51.89. UBS stock has been showing support around $11.64 and resistance in the $14.64 range. Technical indicators for the stock are neutral and S&P gives UBS a neutral 3 STARS (out of 5) hold ranking. If you are looking for a hedged play on UBS the stock seems like it could be a candidate for a December out-of-the-money bear-call credit spread above the 15 range. [ABR-Seven Summits Strategic Investments NewsBite]

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