Health Net (HNT) NewsBite - HNT Upgraded By Stifel Nicolaus

Posted: Tuesday, September 01, 2009 1:44 PM EDT

Health Net (HNT) was upgraded today by analysts at Stifel Nicolaus and the stock is now at $15.56, up $0.24 (1.57%) on volume of 2,015,089 shares traded. The brokerage upped the stock to Buy from Hold. Over the last 52 weeks the stock has ranged from a low of $7.38 to a high of $28.50. Health Net stock has been showing support around $14.58 and resistance in the $16.24 range. Technical indicators for the stock are neutral and S&P gives HNT a neutral 3 STARS (out of 5) hold ranking. If you are looking for a hedged play on HNT the stock seems like it could be a candidate for a January out-of-the-money bull-put credit spread below the 12.50 range. [ABR-Seven Summits Strategic Investments NewsBite]

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