Hospira Booked a New High

Published on Thursday, 08 July 2010 11:35 Written by TradersHuddle Staff

New York, July 8th (TradersHuddle.com) - Shares of Hospira, Inc. (NYSE:HSP) booked a new 52 week high today by trading above $58.9, traders are definitely monitoring Hospira's price action to see if this move attracts further buying into the stock.

Hospira, Inc. (NYSE:HSP) is a global specialty pharmaceutical and medication delivery company. The Company's product portfolio includes generic acute-care and oncology injectables, as well as integrated infusion therapy and medication management systems.

Hospira is currently trading -0.26% versus its previous trading session close, and it has calculated support and resistance at $49.71 and $57.08 respectively. Clearly with this action this range has been penetrated, and traders will be reviewing price action to establish a new tradable range

The overall market index S&P 500 is trading higher by 0.3% from its previous trading close, which means that Hospira stock is underperforming the overall market.