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Repsol YPF (REP) NewsBite - REP Upgraded By JP Morgan

Oct 02, 2009 (Fresh Brewed Media via COMTEX) --

Company: Repsol YPF, S.A. (REP)

Repsol YPF (REP) was upgraded today by analysts at JP Morgan and the stock is now at $26.32, up $0.05 (0.19%) on volume of 237,688 shares traded. The analysts upgraded the stock to Neutral from Underperform. Over the last 52 weeks the stock has ranged from a low of $14.19 to a high of $28.75. Repsol YPF stock has been showing support around $25.89 and resistance in the $27.03 range. Technical indicators for the stock are bearish and S&P gives REP a negative 2 STARS (out of 5) sell ranking. If you are looking for a hedged play on REP the stock seems like it could be a candidate for a January out-of-the-money bull-put credit spread below the 22.50 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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Company: Repsol YPF, S.A. (REP)


Related terms: S&P

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