Atheros Communications (ATHR) NewsBite - ATHR Upgraded By Lazard Capital
Posted: Tuesday, July 14, 2009 10:59 AM EDT
By: Market Intelligence Center Staff
Atheros Communications (ATHR) was upgraded today by analysts at Lazard Capital and the stock is now at $20.22, up $0.59 (2.98%) on volume of 754,190 shares traded. The analysts 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 $18.31 and resistance in the $20.37 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 December out-of-the-money bull-put credit spread below the 17.50 range. [ABR-Seven Summits Strategic Investments NewsBite]
CLICK HERE: FREE Atheros Communications (ATHR) Stock ReportSee what our analysts have uncovered about Atheros Communications (ATHR).