Look at a BA30-7, very nice rod for your application, and in your price range. There are many options out there though. Maybe a nice calstar glass stick would do too.
A grafighter would be nicest, but is out of your price range.
I use a lami bl7050lb I think.Don't let the line rating fool you.It is a live bait rod and is very light in the tip with a lot of backbone.A lot of places don't know about the rod.It is ment for live bait fishing.If you can get up to the rockland show next weekend all the manufactures will be there and you can pull on rod there.