Manulife Financial (MFC) NewsBite - MFC Upgraded By RBC Capital Markets
Posted: Friday, November 06, 2009 1:55 PM EDT
By: Market Intelligence Center Staff
Manulife Financial (MFC) was upgraded today by analysts at RBC Capital Markets and the stock is now at $18.98, up $0.40 (2.15%) on volume of 1,396,194 shares traded. The brokerage upped MFC to Outperform from Perform. Over the last 52 weeks the stock has ranged from a low of $6.94 to a high of $24.97. Manulife Financial stock has been showing support around $17.63 and resistance in the $19.59 range. Technical indicators for the stock are neutral and S&P gives MFC a neutral 3 STARS (out of 5) hold ranking. If you are looking for a hedged play on MFC the stock seems like it could be a candidate for a March out-of-the-money bull-put credit spread below the 15 range. [ABR-Seven Summits Strategic Investments NewsBite]
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