Werner Enterprises (WERN) NewsBite - WERN Upgraded By JP Morgan
Posted: Wednesday, July 01, 2009 1:34 PM EDT
By: Market Intelligence Center Staff
Werner Enterprises (WERN) was upgraded today by analysts at JP Morgan and the stock is now at $18.90, up $0.83 (4.59%) on volume of 1,076,756 shares traded. The analysts lifted the stock to Overweight from Neutral. Over the last 52 weeks the stock has ranged from a low of $12.59 to a high of $28.78. Werner Enterprises stock has been showing support around $17.15 and resistance in the $18.71 range. Technical indicators for the stock are neutral and S&P gives WERN a neutral 3 STARS (out of 5) hold ranking. If you are looking for a hedged play on WERN the stock seems like it could be a candidate for a December out-of-the-money bull-put credit spread below the 15 range. [ABR-Seven Summits Strategic Investments NewsBite]
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