Werner Enterprises (WERN) NewsBite - WERN Hits 52-Week High on Upgrade
Posted: Wednesday, January 13, 2010 1:13 PM EDT
By: Market Intelligence Center Staff
Werner Enterprises (NASDAQ: WERN) hit a new 52-Week high of $21.89 so far today. Analysts at Deutsche Bank upgraded WERN to Buy from Hold this morning. Currently the stock is up $0.34 (1.61%) to $21.45 on 807,295 shares traded. Today's high is up $8.86 from a 52-Week Low of $12.59. Werner Enterprises stock has been showing support around $20.42 and resistance in the $21.64 range. Technical indicators for the stock are neutral and S&P gives WERN a neutral 3 STARS (out of 5) hold ranking. If you are looking for a hedged play on WERN the stock seems like it could be a candidate for a June out-of-the-money bull-put credit spread below the 18.75 range. [ABR-Seven Summits Strategic Investments NewsBite]
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