Pan American Silver (PAAS) NewsBite - PAAS Falls on Lower Silver
Posted: Friday, November 20, 2009 1:21 PM EDT
By: Market Intelligence Center Staff
Pan American Silver (NasdaqNM: PAAS) opened at $24.63. So far today, the stock has hit a low of $24.30 and a high of $24.90. PAAS is now trading at $24.62, down $0.54 (-2.15%). Over the last 52 weeks the stock has ranged from a low of $9.28 to a high of $26.70. PAAS is being pulled down by lower silver futures today. Technical indicators for the stock are bullish and S&P does not currently have a STARS rating for PAAS. If you are looking for a hedged play on PAAS the stock seems like it could be a candidate for a January out-of-the-money bear-call credit spread above the 28 range. [ABR-Seven Summits Strategic Investments NewsBite]
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