Atheros Communications (ATHR) NewsBite - ATHR Upgraded By Roth Capital
Posted: Thursday, June 18, 2009 1:19 PM EDT
By: Market Intelligence Center Staff
Atheros Communications (ATHR) was upgraded today by analysts at Roth Capital and the stock is now at $18.23, up $0.34 (1.9%) on volume of 2,638,214 shares traded. The brokerage upped 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 $16.94 and resistance in the $18.60 range. Technical indicators for the stock are bullish 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 September out-of-the-money bull-put credit spread below the 15 range. [ABR-Seven Summits Strategic Investments NewsBite]
CLICK HERE: FREE Atheros Communications (ATHR) Stock ReportSee what our analysts have uncovered about Atheros Communications (ATHR).