AgFeed Industries (FEED) NewsBite - FEED Could Be On the Move
Posted: Wednesday, June 03, 2009 10:58 AM EDT
By: Market Intelligence Center Staff
AgFeed Industries (FEED) could be on the move today and is now at $7.65, up $.14 (1.88%) on volume of 1,196,995 shares traded. Over the last 52 weeks the stock has ranged from a low of $.90 to a high of $17.07. AgFeed Industries stock has been showing support around $6.50 and resistance in the $8.16 range. Technical indicators for the stock are bullish and S&P does not currently have a STARS rating for FEED. If you are looking for a hedged play on FEED the stock seems like it could be a candidate for an August out-of-the-money bull-put credit spread below the 5 range. [ABR-Seven Summits Strategic Investments NewsBite]
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