Alliance Data Systems (ADS) NewsBite - ADS Upgraded By SunTrust Robinson Humphrey
Nov 03, 2009 (Fresh Brewed Media via COMTEX) --
Companies: Alliance Data Systems Corp. (ADS), SunTrust Banks, Inc. (STI)
Alliance Data Systems (ADS) was upgraded today by analysts at SunTrust Robinson Humphrey and the stock is now at $56.84, up $1.30 (2.34%) on volume of 727,454 shares traded. SunTrust Robinson Humphrey upgraded the stock today to Buy from Neutral. Over the last 52 weeks the stock has ranged from a low of $22.76 in March to a high of $69.09 last October. Alliance Data Systems stock has been showing support around $53.99 and resistance in the $56.87 range. Technical indicators for the stock are and S&P does not currently have a STARS rating for ADS. If you are looking for a hedged play on ADS the stock seems like it could be a candidate for a January out-of-the-money bull-put credit spread below the 45 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
Copyright (C) 2009 FreshBrewedMedia. All rights reserved
News Provided by COMTEX
Companies: Alliance Data Systems Corp. (ADS), SunTrust Banks, Inc. (STI)
Zibb.com
Zibb.co.uk
Zibb.fr
Zibbsearch.nl