Rochester, NY 7/31/2009 10:58:51 PM
US Bancorp USB, US Bancorp Continue to Gain Better Market Results
US Bancorp
US Bancorp capital opened at $18.03. So far the company’s stock has hit a low of $18.00 and a high of $19.23 on current trading. USB is now trading at $18.97, up $0.70 (3.83%).During the last 52 weeks the stock has ranged from a low of $8.06 to a high of $42.23. They have also made a market high this week posting Q2 profit of $471 million or 12 cents per share.
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Technical indicators for the stock are bearish and S&P gives USB a negative 2 STARS (out of 5) sell ranking. If you are looking for a hedged play on USB the stock seems like it could be a candidate for a December out-of-the-money bull-put credit spread below the 16 range.
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