Sears (SHLD) NewsBite - SHLD Could Be On the Move

Posted: Tuesday, November 03, 2009 10:22 AM EDT

Sears (SHLD) could be on the move today and is now at $68.05, up $0.92 (1.37%) on volume of 603,249 shares traded. Over the last 52 weeks the stock has ranged from a low of $26.80 to a high of $79.35. Sears stock has been showing support around $63.86 and resistance in the $71.00 range. Technical indicators for the stock are bearish and S&P gives SHLD a negative 2 STARS (out of 5) sell ranking. If you are looking for a hedged play on SHLD the stock seems like it could be a candidate for a November out-of-the-money bull-put credit spread below the 60 range. [ABR-Seven Summits Strategic Investments NewsBite]

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