Crown Castle International (CCI) NewsBite - CCI Tading Just Shy Of New 52 Week High

Posted: Thursday, November 12, 2009 2:32 PM EDT

Crown Castle International (NYSE: CCI) hit a new 52-Week high of $36.67 so far today. Currently the stock is down $0.21 (-0.57%) to $36.33 on 1,202,278 shares traded. Today's high is up $27.58 from a 52-Week Low of $8.75. Crown Castle International stock has been showing support around $34.99 and resistance in the $37.43 range. Technical indicators for the stock are bullish and S&P gives CCI a positive 5 STARS (out of 5) strong buy ranking. The stock is trading slightly lower in afternoon trading after hitting a new 52 week high earlier in the session. If you are looking for a hedged play on CCI the stock seems like it could be a candidate for a January out-of-the-money bull-put credit spread below the 30 range. [ABR-Seven Summits Strategic Investments NewsBite]

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