Vale (VALE) NewsBite - VALE Hits 52-Week High
Posted: Wednesday, October 14, 2009 2:33 PM EDT
By: Market Intelligence Center Staff
Vale (NYSE: VALE) hit a new 52-Week high of $26.46 so far today. Currently the stock is up $1.43 (5.72%) to $26.43 on 20,821,698 shares traded. Today's high is up $17.63 from a 52-Week Low of $8.80. Vale stock has been showing support around $24.57 and resistance in the $25.43 range. Technical indicators for the stock are neutral and S&P gives VALE a neutral 3 STARS (out of 5) hold ranking. If you are looking for a hedged play on VALE the stock seems like it could be a candidate for a November out-of-the-money bull-put credit spread below the 22.50 range. [ABR-Seven Summits Strategic Investments NewsBite]
CLICK HERE: FREE Vale (VALE) Stock ReportSee what our analysts have uncovered about Vale (VALE).