RBC Capital Markets Initiates Coverage On Precision Castparts (PCP) With Top Pick Rating
Posted: Wednesday, September 08, 2010 3:08 PM EDT
By: Market Intelligence Center Staff
Precision Castparts (NYSE: PCP) opened at $122.76. So far today, the stock has hit a low of $122.74 and a high of $125.00. PCP is now trading at $123.84, up $2.00 (1.64%). The stock hit its 52-Week high of $135.40 in April and set its 52-Week low of $91.82 last September. The stock is trading slightly higher in afternoon trading after RBC Capital Markets initiated coverage on the stock today with a Top Pick rating. Technical indicators for the stock are bullish and S&P gives PCP a positive 5 STARS (out of 5) strong buy ranking. If you are looking for a hedged play on PCP the stock seems like it could be a candidate for a December out-of-the-money bull-put credit spread below the 100 range. [ABR-Seven Summits Strategic Investments NewsBite]
CLICK HERE: FREE Precision Castparts (PCP) Stock ReportSee what our analysts have uncovered about Precision Castparts (PCP).