Atheros Communications (ATHR) NewsBite - ATHR Upgraded By Deutsche Securities
Posted: Thursday, June 04, 2009 11:25 AM EDT
Atheros Communications (ATHR) was upgraded today by analysts at Deutsche Securities and the stock is now at $16.36, up $0.61 (3.87%) on volume of 1,734,118 shares traded. The analysts lifted ATHR to Buy from Hold. Over the last 52 weeks the stock has ranged from a low of $11.26 to a high of $34.75. Atheros Communications stock has been showing support around $15.14 and resistance in the $16.46 range. Technical indicators for the stock are neutral and S&P does not currently have a STARS rating for ATHR. If you are looking for a hedged play on ATHR the stock seems like it could be a candidate for a December out-of-the-money bull-put credit spread below the 12.50 range. [ABR-Seven Summits Strategic Investments NewsBite]
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