ING Group (ING) NewsBite - One Of Today's Top Losers So Far

Posted: Friday, January 02, 2009 11:31 AM EDT

ING Group (ING) leads the list of top losers so far today and is now at $10.45, down $0.65 (-5.86%) on volume of 362,106 shares traded. Over the last 52 weeks the stock has ranged from a low of $6.37 to a high of $40.67. ING Group stock has been showing support around $10.11 and resistance in the $11.59 range. Technical indicators for the stock are bullish and S&P gives ING a positive 4 STARS (out of 5) buy ranking. If you are looking for a hedged play on ING the stock seems like it could be a candidate for a February out-of-the-money bear-call credit spread above the 12.50 range. [ABR-Seven Summits Strategic Investments NewsBite]

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