Coventry Healthcare (CVH) NewsBite - Goldman Goes Bearish on CVH
Posted: Wednesday, November 18, 2009 1:42 PM EDT
Coventry Healthcare (NYSE: CVH) opened at $22.89. So far today, the stock has hit a low of $22.66 and a high of $23.19. CVH is now trading at $22.86, down $0.82 (-3.46%). Over the last 52 weeks the stock has ranged from a low of $7.97 to a high of $24.84. Goldman Sachs analysts added CVH to the brokerage's to Conviction Sell List this morning. Technical indicators for the stock are bullish and S&P gives CVH a positive 4 STARS (out of 5) buy ranking. If you are looking for a hedged play on CVH the stock seems like it could be a candidate for a January out-of-the-money bear-call credit spread above the 25 range. [ABR-Seven Summits Strategic Investments NewsBite]
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