Terra Industries (TRA) NewsBite - TRA Upgraded By BMO Capital Markets

Posted: Tuesday, November 03, 2009 2:14 PM EDT

Terra Industries (TRA) was upgraded today by analysts at BMO Capital Markets and the stock is now at $34.66, up $0.75 (2.21%) on volume of 1,794,973 shares traded. The brokerage upped TRA to Outperform from Market Perform. Over the last 52 weeks the stock has ranged from a low of $11.21 to a high of $37.25. Terra Industries stock has been showing support around $32.12 and resistance in the $35.66 range. Technical indicators for the stock are neutral and S&P does not currently have a STARS rating for TRA. If you are looking for a hedged play on TRA the stock seems like it could be a candidate for a December out-of-the-money bull-put credit spread below the 21 range. [ABR-Seven Summits Strategic Investments NewsBite]

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