Motorola (MOT) NewsBite - MOT Is On the Move

Posted: Monday, October 05, 2009 10:14 AM EDT

Motorola (MOT) appears to be on the move today and is now at $7.97, down $0.02 (-0.25%) on volume of 6,550,938 shares traded. Over the last 52 weeks the stock has ranged from a low of $2.98 to a high of $9.45. MOT was covered in a Vic Wisemann report today. To read the report, go to www.marketintelligencecenter.com/vw100509 . Motorola stock has been showing support around $7.70 and resistance in the $8.48 range. Technical indicators for the stock are neutral and S&P gives MOT a neutral 3 STARS (out of 5) hold ranking. If you are looking for a hedged play on MOT the stock seems like it could be a candidate for a November out-of-the-money bear-call credit spread above the 9 range. [ABR-Seven Summits Strategic Investments NewsBite]

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