Linear Technology (LLTC) NewsBite - LLTC Upgraded By Morgan Stanley

Nov 03, 2009

Linear Technology (LLTC) Upgraded By Morgan Stanley

Nov 03, 2009 (Fresh Brewed Media via COMTEX News Network) -- Linear Technology (LLTC) was upgraded today by analysts at Morgan Stanley and the stock is now at $26.21, up $0.23 (0.89%) on volume of 3,181,240 shares traded. The analysts upped the stock to Overweight from Equalweight. Over the last 52 weeks the stock has ranged from a low of $17.69 to a high of $28.99. Linear Technology stock has been showing support around $25.31 and resistance in the $26.47 range. Technical indicators for the stock are bullish and S&P gives LLTC a positive 5 STARS (out of 5) strong buy ranking. If you are looking for a hedged play on LLTC the stock seems like it could be a candidate for a January out-of-the-money bull-put credit spread below the 22.50 range.

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