Palm (PALM) NewsBite - PALM Could Be On the Move
Posted: Monday, February 08, 2010 11:23 AM EDT
Palm (PALM) could be on the move today and is now at $9.98, down $0.40 (-3.85%) on volume of 3,991,153 shares traded. Over the last 52 weeks the stock has ranged from a low of $5.85 to a high of $18.09. Palm stock has been showing support around $9.57 and resistance in the $11.01 range. Technical indicators for the stock are bearish and S&P gives PALM a negative 2 STARS (out of 5) sell ranking. If you are looking for a hedged play on PALM the stock seems like it could be a candidate for a March out-of-the-money bear-call credit spread above the 12 range. [ABR-Seven Summits Strategic Investments NewsBite]
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