Sysco (SYY) NewsBite - SYY Hits 52-Week High
Posted: Monday, October 26, 2009 1:30 PM EDT
By: Market Intelligence Center Staff
Sysco (NYSE: SYY) hit a new 52-Week high of $27.85 so far today. Currently the stock is up $0.25 (0.93%) to $27.48 on 2,438,090 shares traded. Today's high is up $8.09 from a 52-Week Low of $19.39. Sysco stock has been showing support around $26.82 and resistance in the $27.80 range. Technical indicators for the stock are neutral and S&P gives SYY a neutral 3 STARS (out of 5) hold ranking. The stock continues to move higher, trading up to a new 52 week high eralier in the session. Today's move is ahead of November 2 earnings, and improves on the previous 52 week high that company had set just Friday. If you are looking for a hedged play on SYY 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]
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