Cameron International (CAM) NewsBite - Oil Futures Pull Down CAM

Thursday, November 20, 2008 11:26 AM EDT

Cameron International (NYSE: CAM) opened at $18.58. So far today, the stock has hit a low of $17.63 and a high of $19.02. CAM is now trading at $18.65, down $0.76 (-3.92%). Over the last 52 weeks the stock has ranged from a low of $17.05 to a high of $58.53. CAM shares are declining today, hurt by lower oil futures. Technical indicators for the stock are neutral and S&P gives CAM a neutral 3 STARS (out of 5) hold ranking. If you are looking for a hedged play on CAM the stock seems like it could be a candidate for a December out-of-the-money bear-call credit spread above the 22.50 range. [ABR-Seven Summits Strategic Investments NewsBite]

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