Harman International Industries (HAR) NewsBite - Trading With Unusual Volume

Thursday, November 20, 2008 3:23 PM EDT

Harman International Industries (HAR) appears to be trading at a higher than usual volume today and is now at $10.91, up $0.26 (2.44%) on volume of 2,600,379 shares traded. For the last 30 days HAR has traded 1,140,983 shares on average each day. So far today's volume is 127.91% above that average volume. Over the last 52 weeks the stock has ranged from a low of $10.55 to a high of $75.41. Harman International Industries stock has been showing support around $8.54 and resistance in the $14.68 range. Technical indicators for the stock are neutral and S&P gives HAR a neutral 3 STARS (out of 5) hold ranking. If you are looking for a hedged play on HAR the stock seems like it could be a candidate for a January out-of-the-money bull-put credit spread below the 7.50 range. [ABR-Seven Summits Strategic Investments NewsBite]

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