Forest Laboratories (FRX) NewsBite - FRX Upgraded By Deutsche Bank
Posted: Thursday, October 22, 2009 12:39 PM EDT
By: Market Intelligence Center Staff
Forest Laboratories (FRX) was upgraded today by analysts at Deutsche Bank and the stock is now at $28.76, down $0.03 (-0.1%) on volume of 896,597 shares traded. Deutsche Bank upgraded the stock today to a Buy rating, up from a previous rating of Hold. Over the last 52 weeks the stock has ranged from a low of $18.37 in March to a high of $30.56 earlier this week. Forest Laboratories stock has been showing support around $28.19 and resistance in the $29.87 range. Technical indicators for the stock are neutral and S&P gives FRX a neutral 3 STARS (out of 5) hold ranking. If you are looking for a hedged play on FRX the stock seems like it could be a candidate for a January out-of-the-money bull-put credit spread below the 25 range. [ABR-Seven Summits Strategic Investments NewsBite]
CLICK HERE: FREE Forest Laboratories (FRX) Stock ReportSee what our analysts have uncovered about Forest Laboratories (FRX).