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ITT Corp (ITT) lifted by Q2 earnings

Posted Jul 31st 2009 12:45PM by Brent Archer (RSS feed)
Filed under: Major Movement, Earnings Reports, Good news, Options, Technical Analysis

ITT logoITT Corp (NYSE: ITT - option chain) shares are rising today after the company reported earnings this morning, posting a second-quarter profit of $201.4 million or $1.10 per share, beating analysts' estimates of 80 cents per share. If you think that the stock won't fall by too much in the coming months, then now could be a good time to look at a bullish hedged trade on ITT.

ITT opened this morning at $49.67. So far today the stock has hit a low of $49.25 and a high of $51.74. As of 11:40, ITT is trading at $49.80 up $1.53 (3.2%). The chart for ITT looks bullish and S&P gives ITT a positive 4 STARS (out of 5) buy ranking.

Continue reading ITT Corp (ITT) lifted by Q2 earnings

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Last updated: February 13, 2012: 06:09 PM

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