Hewitt Associates (HEW) NewsBite - HEW Hits New High Following Strong Q4 Earnings Numbers
Posted: Wednesday, November 11, 2009 12:24 PM EDT
By: Market Intelligence Center Staff
Hewitt Associates (NYSE: HEW) hit a new 52-Week high of $40.70 so far today. Currently the stock is up $0.45 (1.13%) to $40.23 on 738,201 shares traded. Today's high is up $17.45 from a 52-Week Low of $22.78. Hewitt Associates stock has been showing support around $37.91 and resistance in the $41.07 range. Technical indicators for the stock are neutral and S&P gives HEW a neutral 3 STARS (out of 5) hold ranking. HEW is trading up to a new 52 week high today in the wake of strong fourth quarter earnings yesterday. The company showed Q4 earnings of 68 cents per share, above the 63 cents that analysts had been expecting to see from the company. If you are looking for a hedged play on HEW the stock seems like it could be a candidate for a March out-of-the-money bull-put credit spread below the 35 range. [ABR-Seven Summits Strategic Investments NewsBite]
CLICK HERE: FREE Hewitt Associates (HEW) Stock ReportSee what our analysts have uncovered about Hewitt Associates (HEW).