How To Profit From Cooper (CTB) Recent Strength

Posted: Friday, November 13, 2009 2:07 PM EDT

Cooper (NYSE: CTB) opened at $18.12. So far today, the stock has hit a low of $.00 and a high of $19.32. CTB is now trading at $18.97, up $0.89 (4.92%). Over the last 52 weeks the stock has ranged from a low of $2.96 to a high of $18.88. The stock is up sharply today and rose to a new 52 week high earlier in the session. Technical indicators for the stock are bullish and S&P gives CTB a positive 4 STARS (out of 5) buy ranking. If you are looking for a hedged play on CTB the stock seems like it could be a candidate for a January out-of-the-money bull-put credit spread below the 15 range. [ABR-Seven Summits Strategic Investments NewsBite]

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