Clear Channel (CCO) NewsBite - CCO Hits 52-Week High

Posted: Friday, November 20, 2009 2:16 PM EDT

Clear Channel (NYSE: CCO) hit a new 52-Week high of $9.33 so far today. Currently the stock is up $0.19 (2.08%) to $9.32 on 384,954 shares traded. Today's high is up $7.18 from a 52-Week Low of $2.14. Clear Channel stock has been showing support around $8.58 and resistance in the $9.44 range. Technical indicators for the stock are neutral and S&P gives CCO a neutral 3 STARS (out of 5) hold ranking. The stock continues to trade in a strong upward trend and the stock set a new 52 week high earlier in the session. We will just watch this one for now. There are no hedged trades we like the look of for CCO. [ABR-Seven Summits Strategic Investments NewsBite]

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