Cypress Semiconductor (CY) NewsBite - CY Upgraded By Jefferies & Co.
Oct 13, 2009 (Fresh Brewed Media via COMTEX) --
Company: Cypress Semiconductor Corp. (CY)
Cypress Semiconductor (CY) was upgraded today by analysts at Jefferies & Co. and the stock is now at $10.03, up $0.15 (1.52%) on volume of 3,372,239 shares traded. The brokerage upgraded CY to Hold from Underperform. Over the last 52 weeks the stock has ranged from a low of $2.54 to a high of $11.66. Cypress Semiconductor stock has been showing support around $9.51 and resistance in the $10.35 range. Technical indicators for the stock are neutral and S&P gives CY a neutral 3 STARS (out of 5) hold ranking. If you are looking for a hedged play on CY the stock seems like it could be a candidate for a January out-of-the-money bull-put credit spread below the 9 range.
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Company: Cypress Semiconductor Corp. (CY)
Related terms: S&P
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