Precision Castparts (PCP) Up Over 2% Following Broker Upgrade

Posted: Friday, February 19, 2010 12:59 PM EDT

Precision Castparts (PCP) was upgraded today by analysts at EVA Dimensions, LLC and the stock is now at $115.26, up $2.48 (2.2%) on volume of 391,154 shares traded. EVA Dimensions, LLC upgraded the stock to Underweight from Sell. Over the last 52 weeks the stock has ranged from a low of $47.71 in March to a high of $118.62 in January. Precision Castparts stock has been showing support around $110.39 and resistance in the $114.19 range. Technical indicators for the stock are bullish and S&P gives PCP a positive 4 STARS (out of 5) buy ranking. If you are looking for a hedged play on PCP the stock seems like it could be a candidate for a June out-of-the-money bull-put credit spread below the 90 range. [ABR-Seven Summits Strategic Investments NewsBite]

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