Hibbett Sports (HIBB) NewsBite - HIBB Upgraded By Raymond James

Posted: Tuesday, October 13, 2009 12:45 PM EDT

Hibbett Sports (HIBB) was upgraded today by analysts at Raymond James and the stock is now at $19.25, up $0.99 (5.42%) on volume of 541,783 shares traded. Raymond James upgraded the stock today to Outperform from Market Perform. Over the last 52 weeks the stock has ranged from a low of $10.06 in November to a high of $22.39 in April. Hibbett Sports stock has been showing support around $17.26 and resistance in the $18.96 range. Technical indicators for the stock are neutral and S&P gives HIBB a neutral 3 STARS (out of 5) hold ranking. If you are looking for a hedged play on HIBB the stock seems like it could be a candidate for a January out-of-the-money bull-put credit spread below the 15 range. [ABR-Seven Summits Strategic Investments NewsBite]

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