Honda Motor (HMC) NewsBite - HMC Covered In Vic Wisemann Report Today

Monday, November 24, 2008 10:21 AM EDT

Honda Motor (HMC) was covered in a Vic Wisemann Report today and the stock is now at $20.38, up $0.07 (0.34%) on volume of 81,445 shares traded. To see the report, and get Vic's thoughts on the proposed auto-industry bailout, go to http://www.iotogo.com/vw112408 . Over the last 52 weeks the stock has ranged from a low of $18.91 to a high of $36.40. Honda Motor stock has been showing support around $18.48 and resistance in the $21.24 range. Technical indicators for the stock are neutral and S&P gives HMC a neutral 3 STARS (out of 5) hold ranking. If you are looking for a hedged play on HMC the stock seems like it could be a candidate for a December out-of-the-money bull-put credit spread below the 17.50 range. [ABR-Seven Summits Strategic Investments NewsBite]

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