Mitsubishi UFJ Financial (MTU) NewsBite - MTU Rises With Asian Stocks

Mitsubishi UFJ Financial (NYSE: MTU) opened at $5.10. So far today, the stock has hit a low of $5.10 and a high of $5.22. MTU is now trading at $5.13, up $0.14 (2.81%). Over the last 52 weeks the stock has ranged from a low of $3.71 to a high of $7.25. Shares of MTU are on the move with other East Asian ADRs after the government of South Korea reported its grew a seasonally adjusted 2.9 percent during the third quarter, beating analysts' forecasts. This could be a good sign for Asian firms like MTU. Technical indicators for the stock are neutral and S&P gives MTU a neutral 3 STARS (out of 5) hold ranking. If you are looking for a hedged play on MTU the stock seems like it could be a candidate for a May covered call above the 5 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

Related terms: forecasts, nyse, S&P, south korea