Career Education (CECO) NewsBite - CECO Upgraded By Piper Jaffray

Posted: Friday, November 07, 2008 1:36 PM EDT

Career Education (CECO) was upgraded today by analysts at Piper Jaffray and the stock is now at $14.43, down $.34 (-2.3%) on volume of 508,937 shares traded. The analyst upped CECO to "Neutral" from "Sell." Over the last 52 weeks the stock has ranged from a low of $11.57 to a high of $33.37. Career Education stock has been showing support around $13.23 and resistance in the $16.33 range. Technical indicators for the stock are bearish and S&P gives CECO a negative 2 STARS (out of 5) sell ranking. If you are looking for a hedged play on CECO the stock seems like it could be a candidate for a December out-of-the-money bear-call credit spread above the 17.50 range. [ABR-Seven Summits Strategic Investments NewsBite]

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