Alliance Data Systems (ADS) NewsBite - ADS Upgraded By SunTrust Robinson Humphrey
Posted: Tuesday, November 03, 2009 12:35 PM EDT
By: Market Intelligence Center Staff
Alliance Data Systems (ADS) was upgraded today by analysts at SunTrust Robinson Humphrey and the stock is now at $56.84, up $1.30 (2.34%) on volume of 727,454 shares traded. SunTrust Robinson Humphrey upgraded the stock today to Buy from Neutral. Over the last 52 weeks the stock has ranged from a low of $22.76 in March to a high of $69.09 last October. Alliance Data Systems stock has been showing support around $53.99 and resistance in the $56.87 range. Technical indicators for the stock are and S&P does not currently have a STARS rating for ADS. If you are looking for a hedged play on ADS the stock seems like it could be a candidate for a January out-of-the-money bull-put credit spread below the 45 range. [ABR-Seven Summits Strategic Investments NewsBite]
CLICK HERE: FREE Alliance Data Systems (ADS) Stock ReportSee what our analysts have uncovered about Alliance Data Systems (ADS).