Granite Construction In. (GVA) opened at 35.75. So far today, the stock has hit a low of 34.49 and a high of 35.92. GVA is now trading at 35.68, down 1.40 (-3.92%). The stock hit its 52 week high of 74.62 in July and set its 52 week low of 30.15 in January. GVA has been losing ground since July of last year. Granite Construction shares have been slipping in today's session after a BB&T Capital Markets analyst cut his rating on the stock to "Hold" from "Buy." Technical indicators for the stock are bullish but slightly deteriorating. If you’re looking for a hedged play on this stock, consider a March bear-call credit spread above the $45 range. GVA stock could rise up to 26.1% before expiration and this position would still be profitable. [RHF - Seven Summits Strategic Investments NewsBite]