Honda Motor (HMC) NewsBite - HMC Is On the Move

Posted: Thursday, June 25, 2009 10:36 AM EDT

Honda Motor (HMC) appears to be on the move today and is now at $27.27, up $.37 (1.38%) on volume of 48,222 shares traded. HMC was covered in a Lee Allen report today. To read the report, and see what Lee has to say about the future of the auto industry, go to www.marketintelligencecenter.com/la062509 . Over the last 52 weeks the stock has ranged from a low of $17.35 to a high of $36.29. Honda Motor stock has been showing support around $26.37 and resistance in the $27.69 range. Technical indicators for the stock are bearish and S&P gives HMC a negative 2 STARS (out of 5) sell ranking. If you are looking for a hedged play on HMC the stock seems like it could be a candidate for an October out-of-the-money bull-put credit spread below the 22.50 range. [ABR-Seven Summits Strategic Investments NewsBite]

Click Symbol For More News On: (HMC)