Matrixx Initiatives (MTXX) NewsBite - One of Today's Top Gainers So Far

Posted: Friday, September 04, 2009 10:50 AM EDT
By: Market Intelligence Center Staff

Matrixx Initiatives (MTXX) leads the list of top gainers so far today and is now at $6.12, up $0.73 (13.55%) on volume of 5,008,306 shares traded. Over the last 52 weeks the stock has ranged from a low of $4.39 to a high of $19.74. Matrixx Initiatives stock has been showing support around $4.46 and resistance in the $6.70 range. Technical indicators for the stock are bullish and S&P does not currently have a STARS rating for MTXX. If you are looking for a hedged play on MTXX the stock seems like it could be a candidate for an October out-of-the-money bull-put credit spread below the 5 range. [ABR-Seven Summits Strategic Investments NewsBite]