Choice Hotels International (CHH) Upgraded By EVA Dimensions, LLC

Posted: Friday, November 20, 2009 1:40 PM EDT

Choice Hotels International (CHH) was upgraded today by analysts at EVA Dimensions, LLC and the stock is now at $31.79, down $0.25 (-0.78%) on volume of 94,380 shares traded. EVA Dimensions, LLC upgraded the stock today to Hold from Underweight. Over the last 52 weeks the stock has ranged from a low of $19.72 last November to a high of $33.30 last month. Choice Hotels International stock has been showing support around $31.21 and resistance in the $32.57 range. Technical indicators for the stock are bearish and S&P gives CHH a negative 2 STARS (out of 5) sell ranking. If you are looking for a hedged play on CHH the stock seems like it could be a candidate for a December out-of-the-money bull-put credit spread below the 30 range. [ABR-Seven Summits Strategic Investments NewsBite]

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