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Tyco Electronics (TEL) NewsBite - TEL Upgraded By Longbow

Oct 14, 2009 (Fresh Brewed Media via COMTEX) --

Company: Tyco Electronics Ltd (TELw)

Tyco Electronics (TEL) was upgraded today by analysts at Longbow and the stock is now at $23.66, up $1.15 (5.11%) on volume of 1,852,706 shares traded. The brokerage upgraded the stock to Buy from Neutral. Over the last 52 weeks the stock has ranged from a low of $7.40 to a high of $24.24. Tyco Electronics stock has been showing support around $22.20 and resistance in the $22.98 range. Technical indicators for the stock are bearish and S&P gives TEL a negative 2 STARS (out of 5) sell ranking. If you are looking for a hedged play on TEL the stock seems like it could be a candidate for a January out-of-the-money bull-put credit spread below the 20 range.

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News Provided by COMTEX

Company: Tyco Electronics Ltd (TELw)


Related terms: S&P

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