Mitsubishi UFJ Financial (MTU) NewsBite - MTU Gets Support From HSBC Earnings

Posted: Monday, August 03, 2009 11:33 AM EDT

Mitsubishi UFJ Financial (NYSE: MTU) opened at $6.31. So far today, the stock has hit a low of $6.31 and a high of $6.49. MTU is now trading at $6.47, up $0.27 (4.35%). Over the last 52 weeks the stock has ranged from a low of $3.71 to a high of $9.21. Shares of MTU are rising today after competitor HSBC Holdings (HBC) reported a pretax first-half profit of $6.3 billion, beating analysts' estimates. Technical indicators for the stock are neutral and S&P gives MTU a neutral 3 STARS (out of 5) hold ranking. We will just watch this one for now. There are no hedged trades we like the look of for MTU. [ABR-Seven Summits Strategic Investments NewsBite]

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