ADC Telecomunications (ADCT) NewsBite - Analyst's Comments Boost ADCT

Posted: Tuesday, June 09, 2009 11:28 AM EDT

ADC Telecomunications (NasdaqNM: ADCT) opened at $8.39. So far today, the stock has hit a low of $8.14 and a high of $8.50. ADCT is now trading at $8.21, up $0.37 (4.72%). Over the last 52 weeks the stock has ranged from a low of $2.47 to a high of $17.35. ADCT shares are rising today after CNBC's Jim Cramer recommended the stock on Mad Money last night, saying it could be an attractive way to play high-tech infrastructure. This could be a good sign for ADCT. Technical indicators for the stock are bullish and S&P gives ADCT a positive 4 STARS (out of 5) buy ranking. If you are looking for a hedged play on ADCT the stock seems like it could be a candidate for an August out-of-the-money bull-put credit spread below the 7.50 range. [ABR-Seven Summits Strategic Investments NewsBite]

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