Pan American Silver (PAAS) NewsBite - PAAS Gains on Rising Silver

Posted: Tuesday, September 22, 2009 11:06 AM EDT

Pan American Silver (NasdaqNM: PAAS) opened at $23.78. So far today, the stock has hit a low of $23.54 and a high of $24.06. PAAS is now trading at $23.57, up $0.53 (2.3%). Over the last 52 weeks the stock has ranged from a low of $8.93 to a high of $26.53. Shares of PAAS are on the move this morning, boosted by rising silver futures. Technical indicators for the stock are bullish 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 November out-of-the-money bull-put credit spread below the 21 range. [ABR-Seven Summits Strategic Investments NewsBite]

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