Silver Wheaton (SLW) NewsBite - SLW Upgraded By Scotia Capital

Silver Wheaton (SLW) was upgraded today by analysts at Scotia Capital and the stock is now at $14.20, down $0.11 (-0.77%) on volume of 2,877,320 shares traded. The stock is trading slightly lower today with the overall market despite Scotia Capital upgrading the stock today to Outperform from Sector Perform and lifting its price target on the stock to $17.50 from $15.50. Over the last 52 weeks the stock has ranged from a low of $2.51 in November to a high of $14.71 last week. Silver Wheaton stock has been showing support around $14.02 and resistance in the $14.68 range. Technical indicators for the stock are and S&P does not currently have a STARS rating for SLW. If you are looking for a hedged play on SLW the stock seems like it could be a candidate for a December out-of-the-money bull-put credit spread below the 12.50 range.

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