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Gol Linhas Aereas Inteligentes (GOL) soars on Q2 earnings

 Aug 12, 2009 06:30 PM UTC
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Filed under: Major movement, Earnings reports, Good news, Brazil, Options, Technical Analysis

GOL logoGol Linhas Aereas Inteligentes (NYSE: GOL - option chain) shares are rising today after the company reported a second-quarter profit of 353.7 million reals ($192 million) on revenue of 1.39 billion reals ($754 million). Analysts had predicted revenue of $708 million. 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 GOL.

GOL opened this morning at $9.11. So far today the stock has hit a low of $9.05 and a high of $9.40. As of 11:35, GOL is trading at $9.28 up 63 cents (7.3%). The chart for GOL looks bullish and S&P does not currently have a STARS rating for GOL.

Continue reading Gol Linhas Aereas Inteligentes (GOL) soars on Q2 earnings

Gol Linhas Aereas Inteligentes (GOL) soars on Q2 earnings originally appeared on BloggingStocks on Wed, 12 Aug 2009 13:30:00 EST. Please see our terms for use of feeds.

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