Accenture (ACN) NewsBite - ACN Rises on Buy Rating

Posted: Tuesday, November 03, 2009 1:42 PM EDT

Accenture (NYSE: ACN) opened at $37.43. So far today, the stock has hit a low of $37.43 and a high of $38.11. ACN is now trading at $37.89, up $0.24 (0.64%). Over the last 52 weeks the stock has ranged from a low of $26.25 to a high of $39.52. ACN shares are on the move today after analysts at Standpoint Research initiated the stock at Buy with a $44 price target. Technical indicators for the stock are neutral and S&P gives ACN a neutral 3 STARS (out of 5) hold ranking. If you are looking for a hedged play on ACN the stock seems like it could be a candidate for a May out-of-the-money bull-put credit spread below the 30 range. [ABR-Seven Summits Strategic Investments NewsBite]

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