Pan American Silver (PAAS) NewsBite - One of Today's Top Gainers

Posted: Wednesday, September 02, 2009 2:29 PM EDT

Pan American Silver (PAAS) leads the list of top gainers so far today and is now at $20.47, up $1.84 (9.88%) on volume of 1,503,872 shares traded. Over the last 52 weeks the stock has ranged from a low of $8.93 to a high of $26.53. Pan American Silver stock has been showing support around $17.63 and resistance in the $20.27 range. Technical indicators for the stock are neutral and S&P does not currently have a STARS rating for PAAS. If you are looking for a hedged play on PAAS the stock seems like it could be a candidate for a January out-of-the-money bull-put credit spread below the 17.50 range. [ABR-Seven Summits Strategic Investments NewsBite]

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