Intel (INTC) NewsBite - INTC Stock Trading Higher On Broker Upgrade
Posted: Tuesday, October 27, 2009 12:30 PM EDT
By: Market Intelligence Center Staff
Intel (NasdaqNM: INTC) opened at $20.03. So far today, the stock has hit a low of $19.80 and a high of $20.12. INTC is now trading at $19.97, up $0.14 (0.71%). The stock hit its 52-Week high of $21.27 in last week and set its 52-Week low of $12.05 in February. Kaufman Bros. initiated coverage on the stock with a Buy rating. Technical indicators for the stock are bullish and S&P gives INTC a positive 4 STARS (out of 5) buy ranking. If you are looking for a hedged play on INTC the stock seems like it could be a candidate for a January out-of-the-money bull-put credit spread below the 17.50 range. [ABR-Seven Summits Strategic Investments NewsBite]
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