Time Warner (TWX) NewsBite - TWX Unchanged Following Earnings

Posted: Wednesday, November 04, 2009 12:59 PM EDT

Time Warner (NYSE: TWX) opened at $30.86. So far today, the stock has hit a low of $29.70 and a high of $31.13. TWX is now trading at $30.16, down $0.00 (0%). Over the last 52 weeks the stock has ranged from a low of $17.81 in November to a high of $33.66 earlier this month. The stock is unchanged today despite beating analyst estimates this morning for third quarter earnings. The company posted 61 cents per share, above the 53 cents that analysts had been expecting to see. Technical indicators for the stock are neutral and S&P gives TWX a neutral 3 STARS (out of 5) hold ranking. If you are looking for a hedged play on TWX the stock seems like it could be a candidate for a January out-of-the-money bull-put credit spread below the 25 range. [ABR-Seven Summits Strategic Investments NewsBite]

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