Lennar (LEN) NewsBite - LEN Upgraded By Credit Suisse
Posted: Friday, November 06, 2009 10:02 AM EDT
Lennar (LEN) was upgraded today by analysts at Credit Suisse and the stock is now at $14.17, up $0.68 (5.05%) on volume of 556,786 shares traded. The analysts lifted LEN to Outperform from Neutral. Over the last 52 weeks the stock has ranged from a low of $3.42 to a high of $17.66. Lennar stock has been showing support around $12.63 and resistance in the $14.71 range. Technical indicators for the stock are bullish and S&P gives LEN a positive 5 STARS (out of 5) strong buy ranking. If you are looking for a hedged play on LEN the stock seems like it could be a candidate for a December out-of-the-money bull-put credit spread below the 12 range. [ABR-Seven Summits Strategic Investments NewsBite]
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