Cabelas (CAB) NewsBite - CAB Is On the Move

Posted: Tuesday, November 10, 2009 10:05 AM EDT

Cabelas (CAB) appears to be on the move today and is now at $13.41, up $0.57 (4.44%) on volume of 181,095 shares traded. Over the last 52 weeks the stock has ranged from a low of $4.18 to a high of $17.73. Cabelas stock has been showing support around $12.41 and resistance in the $13.33 range. Technical indicators for the stock are neutral and S&P gives CAB a neutral 3 STARS (out of 5) hold ranking. If you are looking for a hedged play on CAB the stock seems like it could be a candidate for a March out-of-the-money bull-put credit spread below the 10 range. [ABR-Seven Summits Strategic Investments NewsBite]

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