Mechel (MTL) NewsBite - One of Today's Top Gainers
Posted: Tuesday, June 16, 2009 2:53 PM EDT
By: Market Intelligence Center Staff
Mechel (MTL) leads the list of top gainers so far today and is now at $9.26, up $.43 (4.87%) on volume of 4,724,588 shares traded. Over the last 52 weeks the stock has ranged from a low of $2.56 to a high of $54.58. Mechel stock has been showing support around $8.34 and resistance in the $9.78 range. Technical indicators for the stock are bullish and S&P does not currently have a STARS rating for MTL. If you are looking for a hedged play on MTL the stock seems like it could be a candidate for a July out-of-the-money bull-put credit spread below the 7.50 range. [ABR-Seven Summits Strategic Investments NewsBite]
CLICK HERE: FREE Mechel (MTL) Stock ReportSee what our analysts have uncovered about Mechel (MTL).