Pan American Silver (PAAS) NewsBite - PAAS Rises on Higher Silver

Posted: Monday, April 20, 2009 11:11 AM EDT

Pan American Silver (NasdaqNM: PAAS) opened at $15.65. So far today, the stock has hit a low of $15.47 and a high of $15.96. PAAS is now trading at $15.67, up $0.19 (1.23%). Over the last 52 weeks the stock has ranged from a low of $8.93 to a high of $39.79. Shares of PAAS are trading higher this morning, helped by rising silver futures. Technical indicators for the stock are bullish and S&P does not currently have a STARS rating for PAAS. If you are looking for a hedged play on PAAS the stock seems like it could be a candidate for a June out-of-the-money bull-put credit spread below the 12.50 range. [ABR-Seven Summits Strategic Investments NewsBite]

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