Equity Residential (EQR) NewsBite - One of Today's Top Gainers So Far

Posted: Friday, December 12, 2008 10:45 AM EDT

Equity Residential (EQR) leads the list of top gainers so far today and is now at $28.40, up $0.97 (3.54%) on volume of 1,457,937 shares traded. Over the last 52 weeks the stock has ranged from a low of $21.27 to a high of $49.00. Equity Residential stock has been showing support around $22.53 and resistance in the $36.49 range. Technical indicators for the stock are bearish and S&P gives EQR a negative 2 STARS (out of 5) sell ranking. If you are looking for a hedged play on EQR the stock seems like it could be a candidate for a December out-of-the-money bull-put credit spread below the 25 range. [ABR-Seven Summits Strategic Investments NewsBite]

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