Cameron International (CAM) NewsBite - CAM Near Its 52 Week High On Bullish Broker Coverage

Posted: Wednesday, November 11, 2009 12:34 PM EDT

Cameron International (NYSE: CAM) opened at $41.55. So far today, the stock has hit a low of $40.83 and a high of $41.85. CAM is now trading at $40.92, up $0.09 (0.22%). The stock hit its 52-Week high of $42.39 last month and set its 52-Week low of $16.15 in December. Susquehanna Financial initiated coverage on the stock today with a Positive rating. The company reported better than expected earnings for its third quarter earlier this month. Technical indicators for the stock are bullish and S&P gives CAM a positive 4 STARS (out of 5) buy ranking. If you are looking for a hedged play on CAM the stock seems like it could be a candidate for a January out-of-the-money bull-put credit spread below the 35 range. [ABR-Seven Summits Strategic Investments NewsBite]

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