TCF Financial (TCB) NewsBite - TCB Downgraded By BMO Capital Markets
Posted: Thursday, October 22, 2009 1:40 PM EDT
By: Market Intelligence Center Staff
TCF Financial (TCB) was downgraded today by analysts at BMO Capital Markets and the stock is now at $12.59, down $0.38 (-2.93%) on volume of 3,977,903 shares traded. The brokerage downgraded the stock to Market Perform from Outperform. Over the last 52 weeks the stock has ranged from a low of $8.74 to a high of $19.24. TCF Financial stock has been showing support around $11.88 and resistance in the $14.46 range. Technical indicators for the stock are bullish and S&P gives TCB a positive 5 STARS (out of 5) strong buy ranking. If you are looking for a hedged play on TCB the stock seems like it could be a candidate for an April out-of-the-money bear-call credit spread above the 15 range. [ABR-Seven Summits Strategic Investments NewsBite]
CLICK HERE: FREE TCF Financial (TCB) Stock ReportSee what our analysts have uncovered about TCF Financial (TCB).