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Nokia Targets Higher Stocks Trading V.J. | , 10:24 p.m. Aug. 6, 2009 2009-08-06

Nokia has hit market $13.34 at closed yesterday. So far the stock has hit a 52-week low of $8.47 and 52-week high of $27.99. Nokia stock has been showing support around 13.13 and resistance in the 13.63 range. Technical indicators show that the company’s stock still continues to move.

Nokia appears on the Investors Observer Volume Leaders list. For a hedged play on this stock, look at a Jan '10 12.50 covered calls (NOK AV) for a net debit in the $11.44 area. That is also the break even stock price for this trade.

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