Linear Technology (LLTC) NewsBite - LLTC Upgraded By Morgan Stanley
Posted: Tuesday, November 03, 2009 1:39 PM EDT
By: Market Intelligence Center Staff
Linear Technology (LLTC) was upgraded today by analysts at Morgan Stanley and the stock is now at $26.21, up $0.23 (0.89%) on volume of 3,181,240 shares traded. The analysts upped the stock to Overweight from Equalweight. Over the last 52 weeks the stock has ranged from a low of $17.69 to a high of $28.99. Linear Technology stock has been showing support around $25.31 and resistance in the $26.47 range. Technical indicators for the stock are bullish and S&P gives LLTC a positive 5 STARS (out of 5) strong buy ranking. If you are looking for a hedged play on LLTC the stock seems like it could be a candidate for a January out-of-the-money bull-put credit spread below the 22.50 range. [ABR-Seven Summits Strategic Investments NewsBite]
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