Agilent (A) NewsBite - A Moving Higher On Bullish Broker Rating

Posted: Friday, November 06, 2009 3:04 PM EDT

Agilent (NYSE: A) opened at $26.48. So far today, the stock has hit a low of $25.94 and a high of $26.48. A is now trading at $26.20, up $.07 (0.27%). The stock hit its 52-Week high of $29.38 in September and set its 52-Week low of $12.02 in March. Jefferies initiated coverage on the stock today with a Buy rating ahead of next weeks fiscal fourth quarter earnings. Analysts are expecting the company to show earnings of 23 cents per share, compared to 62 cents during the same period last year. Technical indicators for the stock are bullish and S&P gives A a positive 4 STARS (out of 5) buy ranking. If you are looking for a hedged play on A the stock seems like it could be a candidate for a February out-of-the-money bull-put credit spread below the 20 range. [ABR-Seven Summits Strategic Investments NewsBite]

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