ARCHER-DANIELS M : Le temps de prendre les gains??

trooper1

28 déc. 2007 •17:28

Archer-Daniels-Midland (ADM) NewsBite - ADM Makes Gains as Energy Prices Rise
Posted on Wednesday, December 26, 2007 11:00 AM
Archer-Daniels-Midland Co. (ADM) opened at $44.99. So far today the stock has hit a low of $44.95 and a high of $45.99. ADM is now trading at $45.69, up 0.70 (1.56%). After hitting a one-year low of $30.20 in January, the stock hit a one-year high of $45.30 on Monday, which it has surpassed today. ADM shares are rising today as corn futures are trading higher. Corn futures are being sent up by rising oil prices, which increase demand for corn ethanol. Technical indicators for ADM are bullish and steady, while S&P gives the stock a positive 4 STARS (out of 5) buy rating. If you’re looking for a hedged play on this stock, consider a June bull-put credit spread below the $35 range. ADM hasn’t been below $35 by more than a few cents since October and has shown support around $38 recently. This trade could be risky if the price of oil drops off and demand for bio-fuels falls, but even if that happens, this position could be protected by the support the stock might find at $35, at its 200 day moving average. [LHF- Seven Summits Strategic Investments NewsBite]

Source : Market Intelligence Center - December 26, 2007