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Orbital Sciences (ORB) NewsBite - ORB Downgraded By Wachovia

May 08, 2009 (Fresh Brewed Media via COMTEX) --

Company: Orbital Sciences Corp. (ORB)

Orbital Sciences (ORB) was downgraded today by analysts at Wachovia and the stock is now at $13.96, down $2.14 (-13.29%) on volume of 1,248,534 shares traded. The analysts reduced ORB to Market Perform from Outperform. Over the last 52 weeks the stock has ranged from a low of $11.60 to a high of $27.89. Orbital Sciences stock has been showing support around $15.57 and resistance in the $16.65 range. Technical indicators for the stock are bullish and S&P does not currently have a STARS rating for ORB. If you are looking for a hedged play on ORB the stock seems like it could be a candidate for a September out-of-the-money bear-call credit spread above the 17.50 range.

ABR-Seven Summits Strategic Investments NewsBite Goto www.iotogo.com/18w1 for our free report titled, The 18 Ways To Know When It's Time To Dump A Stock

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News Provided by COMTEX

Company: Orbital Sciences Corp. (ORB)


Related terms: market, S&P

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