LDK Solar (LDK) NewsBite - LDK Rises on Bailout Hopes
Wed. October 01, 2008; Posted: 10:15 AM
Oct 01, 2008 (Fresh Brewed Media via COMTEX) --
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PowerRating -- LDK Solar (NYSE:
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PowerRating) opened at $32.00. So far today, the stock has hit a low of $30.89 and a high of $32.19. LDK is now trading at $31.64, up $1.62 (5.40%). Over the last 52 weeks the stock has ranged from a low of $19.64 to a high of $75.65. Shares of LDK are rising with other solar stocks this morning, as the Senate moves to approve a financial bailout plan that includes significant tax breaks for the production and use of solar energy. Technical indicators for the stock are bullish and S&P gives LDK a positive 5 STARS (out of 5) strong buy ranking. If you are looking for a hedged play on LDK the stock seems like it could be a candidate for a November out-of-the-money bull-put credit spread below the 17.50 range.
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For full details on LDK Solar Co Ltd (LDK)
click here. LDK Solar Co Ltd (LDK) has Short Term PowerRatings of 5. Details on LDK Solar Co Ltd (LDK) Short Term PowerRatings is available at
This Link.
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