Motorola (MOT) NewsBite - MOT Upgraded By Thomas Weisel

Posted: Friday, October 23, 2009 11:50 AM EDT

Motorola (MOT) was upgraded today by analysts at Thomas Weisel and the stock is now at $8.24, down $0.10 (-1.14%) on volume of 9,557,930 shares traded. Thomas Weisel boosted its rating on the stock today to Overweight from Market Weight. Over the last 52 weeks the stock has ranged from a low of $2.98 in March to a high of $9.45 in September. Motorola stock has been showing support around $8.12 and resistance in the $8.50 range. Technical indicators for the stock are neutral and S&P gives MOT a neutral 3 STARS (out of 5) hold ranking. We will just watch this one for now. There are no hedged trades we like the look of for MOT. [ABR-Seven Summits Strategic Investments NewsBite]

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