Ruby Tuesday (RT) NewsBite - RT Upgraded By KeyBanc Capital Markets

Posted: Wednesday, April 08, 2009 2:11 PM EDT

Ruby Tuesday (RT) was upgraded today by analysts at KeyBanc Capital Markets and the stock is now at $6.17, up $2.28 (58.61%) on volume of 5,706,683 shares traded. The brokerage upped RT to Buy from Hold. Over the last 52 weeks the stock has ranged from a low of $.85 to a high of $9.25. Ruby Tuesday stock has been showing support around $3.54 and resistance in the $4.32 range. Technical indicators for the stock are neutral and S&P gives RT a neutral 3 STARS (out of 5) hold ranking. If you are looking for a hedged play on RT the stock seems like it could be a candidate for a May out-of-the-money bull-put credit spread below the 5 range. [ABR-Seven Summits Strategic Investments NewsBite]

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