K-Swiss Inc. (KSWS) NewsBite - K-Swiss Drops on Sell Rating
Posted on October 05, 2007 at 10:56 AM EDT
K-Swiss Inc. (KSWS) opened at 24.74. So far today, the stock has hit a low of 24.71 and a high of 26.00. KSWS is now trading at 25.14, down 0.81 (-3.27%). The stock hit its 52 week high of 37.81 in October and set its 52 week low of 21.57 in August. The stock has been falling since November, but has been bounding slightly over the past week before falling today. The stock has been falling today after Banc of America Securities initiated coverage of the athletic shoemaker this morning with a "sell" rating. Technical indicators for the stock are neutral and strongly improving. If you’re looking for a hedged play on this stock, consider a January bear-call credit spread above the $30 range. HRB stock could rise up to 19.3% before expiration and this position would still be profitable. [RHF - Seven Summits Strategic Investments NewsBite]