Taiwan Semiconductor (TSM) NewsBite - UBS Downgrades TSM To Neutral
Posted: Wednesday, October 07, 2009 2:21 PM EDT
Taiwan Semiconductor Manufacturing (TSM) was downgraded today by analysts at UBS and the stock is now at $10.13, down $0.24 (-2.32%) on volume of 17,591,636 shares traded. The analysts reduced TSM to Neutral from Buy. Over the last 52 weeks the stock has ranged from a low of $5.83 to a high of $12.00. Taiwan Semiconductor Manufacturing stock has been showing support around $10.20 and resistance in the $10.66 range. Technical indicators for the stock are bullish and S&P gives TSM a positive 4 STARS (out of 5) buy ranking. We will just watch this one for now. There are no hedged trades we like the look of for TSM. [ABR-Seven Summits Strategic Investments NewsBite]
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