Terex (TEX) NewsBite - TEX Hits 52-Week High Following Barclays Upgrade
Oct 16, 2009 (Fresh Brewed Media via COMTEX) --
Company: Terex Corp. (TEX)
Terex (NYSE: TEX) hit a new 52-Week high of $23.75 so far today. Currently the stock is up $.07 (0.28%) to $23.33 on 1,351,852 shares traded. Today's high is up $15.99 from a 52-Week Low of $7.34. Terex stock has been showing support around $22.32 and resistance in the $23.80 range. Technical indicators for the stock are neutral and S&P gives TEX a neutral 3 STARS (out of 5) hold ranking. TEX rose to a new 52 week high today after Barclays upgraded the stock to Overweight from Equal Weight, and lifted its price target on the stock to $30 from $14. If you are looking for a hedged play on TEX the stock seems like it could be a candidate for a January out-of-the-money bull-put credit spread below the 16 range.
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Company: Terex Corp. (TEX)
Related terms: nyse, S&P, texas
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