RadioShack (RSH) NewsBite - RSH Hits 52-Week High

Posted: Monday, October 26, 2009 12:21 AM EDT

RadioShack (NYSE: RSH) hit a new 52-Week high of $18.24 so far today. Currently the stock is up $2.23 (14.24%) to $17.89 on 9,136,116 shares traded. Today's high is up $11.42 from a 52-Week Low of $6.47. RadioShack stock has been showing support around $14.89 and resistance in the $16.31 range. Technical indicators for the stock are bearish and S&P gives RSH a negative 2 STARS (out of 5) sell ranking. RSH is trading sharply higher today, climbing over 14% after the company met expectations for its third quarter. If you are looking for a hedged play on RSH the stock seems like it could be a candidate for a January out-of-the-money bull-put credit spread below the 15 range. [ABR-Seven Summits Strategic Investments NewsBite]

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