How viable is Jabil Circuits?
Jabil Circuit (JBL) NewsBite - JBL Downgraded By Citigroup
Posted on Thursday, December 11, 2008 1:56 PM
Jabil Circuit
(JBL)was downgraded today by analysts at Citigroup and the stock is now at$6.47, down $0.34 (-4.99%) on volume of 1,994,689 shares traded. Theanalyst downgraded the stock to "Sell" from "Hold." Over the last 52weeks the stock has ranged from a low of $4.77 to a high of $18.78.Jabil Circuit stock has been showing support around $6.42 andresistance in the $7.26 range. Technical indicators for the stock areneutral and S&P gives JBL a neutral 3 STARS (out of 5) holdranking. If you are looking for a hedged play on JBL the stock seemslike it could be a candidate for a January out-of-the-money bear-call
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above the 7.50 range. [ABR-Seven Summits Strategic Investments NewsBite]
https://www.marketintelligencecenter.com/article.aspx?story=713742&s=7878
Before investing you should also be aware of the viability of Jabil Circuits.The contract with Day4 is only good as long as Jabil is viable.