Rochester, NY 8/18/2009 9:32:27 PM
GlaxoSmithKline plc GSK - GlaxoSmithKline PLC Announces its Substantially Market Trade with $37.78
GlaxoSmithKline plc GSK
GlaxoSmithKline PLC recently release hit $38.50 at closed market. It hit a 52-week low of $27.15 and 52-week high of $47.71. GlaxoSmithKline PLC stock has been showing support around 37.78 and resistance in the 39.26 range. Technical indicators for the company stock showing better performance.
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The company show on the Investors Observer Volume Leaders list. For a hedged play on this stock, look at a Nov '09 37.50 covered calls (GSK KU) for a net debit in the $35.95 area. That is also the break even stock price for this trade.
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