Liberty Property Trust (LRY) NewsBite - Trading With Unusual Volume

Posted: Tuesday, December 30, 2008 3:21 PM EDT

Liberty Property Trust (LRY) appears to be trading at a higher than usual volume today and is now at $20.66, up $1.24 (6.39%) on volume of 11,174,565 shares traded. For the last 30 days LRY has traded 3,111,490 shares on average each day. So far today's volume is 259.14% above that average volume. Over the last 52 weeks the stock has ranged from a low of $11.83 to a high of $44.62. Liberty Property Trust stock has been showing support around $17.75 and resistance in the $22.19 range. Technical indicators for the stock are neutral and S&P gives LRY a neutral 3 STARS (out of 5) hold ranking. If you are looking for a hedged play on LRY the stock seems like it could be a candidate for an April out-of-the-money bull-put credit spread below the 17.50 range. [ABR-Seven Summits Strategic Investments NewsBite]

Click Symbol For More News On: (LRY)