Discover (DFS) NewsBite - DFS Upgraded By Stifel Nicolaus

Posted: Tuesday, March 10, 2009 1:29 PM EDT

Discover (DFS) was upgraded today by analysts at Stifel Nicolaus and the stock is now at $5.88, up $0.67 (12.86%) on volume of 6,328,616 shares traded. The brokerage upped DFS to Buy from Hold. Over the last 52 weeks the stock has ranged from a low of $4.73 to a high of $19.87. Discover stock has been showing support around $4.64 and resistance in the $5.60 range. Technical indicators for the stock are bullish and S&P gives DFS a positive 4 STARS (out of 5) buy ranking. If you are looking for a hedged play on DFS the stock seems like it could be a candidate for an April out-of-the-money bull-put credit spread below the 5 range. [ABR-Seven Summits Strategic Investments NewsBite]

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