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Rio Tinto (RIO) Stock Upgraded to Buy

InvestorsKeyhole Trade Alert

IK-> The technicals for RIO ($55.84 up $0.04) are bullish with an upwards trend. Support has been around $55.50. Look at the Mar 45/50 bull-put spread for a 20-cent credit or better. That’s good for a 4.2% return and the stock has to fall 10.3% to cause a problem. [Various news and data; InvestorsKeyhole]

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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