RadioShack (RSH) NewsBite - RSH Is On the Move

Posted: Friday, October 16, 2009 10:55 AM EDT

RadioShack (RSH) appears to be on the move today and is now at $15.45, down $0.26 (-1.65%) on volume of 1,097,572 shares traded. Over the last 52 weeks the stock has ranged from a low of $6.47 to a high of $17.45. RadioShack stock has been showing support around $15.33 and resistance in the $16.09 range. Technical indicators for the stock are bearish and S&P gives RSH a negative 2 STARS (out of 5) sell ranking. If you are looking for a hedged play on RSH the stock seems like it could be a candidate for a November out-of-the-money bear-call credit spread above the 17.50 range. [ABR-Seven Summits Strategic Investments NewsBite]

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