Old Dominion Freight Line (ODFL) NewsBite - ODFL Upgraded By Robert W. Baird

Posted: Thursday, June 18, 2009 1:48 PM EDT

Old Dominion Freight Line (ODFL) was upgraded today by analysts at Robert W. Baird and the stock is now at $33.21, up $2.73 (8.96%) on volume of 737,240 shares traded. The brokerage upgraded the stock to Outperform from Neutral. Over the last 52 weeks the stock has ranged from a low of $18.47 to a high of $40.09. Old Dominion Freight Line stock has been showing support around $28.26 and resistance in the $32.24 range. Technical indicators for the stock are bullish and S&P gives ODFL a positive 5 STARS (out of 5) strong buy ranking. If you are looking for a hedged play on ODFL the stock seems like it could be a candidate for an October out-of-the-money bull-put credit spread below the 25 range. [ABR-Seven Summits Strategic Investments NewsBite]

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