Rochester, NY 8/14/2009 10:42:58 PM
State Street Corp. STT - State Street Release Profitable Market with 11.93%
State Street Corp. STT
State Street Corp., posted that its market profit $51.97 at closing market. The stocks has hit a 52-week low of $14.43 also 52-week high of $73.75. State Street stock has been showing support around 49.74 and resistance in the 53.80 range. A technical indicator shows that the company’s stock still continues to move.
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State Street appears on the Investors Observer Volume Leaders list. The company has hedged play on this stock, look at a Nov '09 50 covered calls (SPJ KJ) for a net debit in the $45.77 area. That is also the break even stock price for this trade.
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