AmerisourceBergen (ABC) NewsBite - ABC Hits 52-Week High On Strong Earnings

Posted: Tuesday, November 03, 2009 12:32 PM EDT
By: Market Intelligence Center Staff





AmerisourceBergen (NYSE: ABC) hit a new 52-Week high of $24.00 so far today. Currently the stock is up $.54 (2.4%) to $23.05 on 2,234,734 shares traded. Today's high is up $9.72 from a 52-Week Low of $13.33. AmerisourceBergen stock has been showing support around $21.81 and resistance in the $23.03 range. Technical indicators for the stock are bullish and S&P gives ABC a positive 4 STARS (out of 5) buy ranking. The stock rose to a new 52 week high today after the company reported better than expected earnings. Analysts were expecting to see 40 cents per share for the company's fourth quarter, but actual earnings came in at 44 cents. If you are looking for a hedged play on ABC the stock seems like it could be a candidate for a January out-of-the-money bull-put credit spread below the 20 range. [ABR-Seven Summits Strategic Investments NewsBite]



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More News For AmerisourceBergen (ABC):

AmerisourceBergen (ABC) Showing Bullish Technicals With Support At $38.26

Wednesday, February 08, 2012... AmerisourceBergen (NYSE:ABC) closed Tuesday's favorable trading session at $38.87. In the past year, the stock has hit a 52-week low of $34.33 and......

http://www.marketintelligencecenter.com/analyfav/1333277

AmerisourceBergen (ABC) Showing Resistance Near $40.15 With 1.31% Dividend Yield

Monday, January 30, 2012... AmerisourceBergen Corp (NYSE: ABC) closed Friday's trading session at $38.98. In the past year, the stock has hit a 52-week low of $34.33 and 52-week......

http://www.marketintelligencecenter.com/analyfav/1331173

AmerisourceBergen (ABC) Showing Bullish Technicals But Could Break Through $40.59 Resistance

Tuesday, January 24, 2012... AmerisourceBergen Corp (NYSE: ABC) closed Monday's trading session at $39.80. In the past year, the stock has hit a 52-week low of $34.33 and 52-week......

http://www.marketintelligencecenter.com/analyfav/1329741

AmerisourceBergen (ABC) Could Fall Through $37.85 Support Level

Wednesday, January 18, 2012... AmerisourceBergen (NYSE:ABC) closed Tuesday's winning trading session at $38.30. In the past year, the stock has hit a 52-week low of $34.33 and......

http://www.marketintelligencecenter.com/analyfav/1328431

Potential AmerisourceBergen (ABC) Trade Has $36.96 Breakeven

Wednesday, January 11, 2012... AmerisourceBergen (NYSE:ABC) closed Tuesday's favorable trading session at $39.01. In the past year, the stock has hit a 52-week low of $34.33 and......

http://www.marketintelligencecenter.com/analyfav/1327260


Hedged Trade Ideas For ABC:

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