Cheesecake Factory (CAKE) NewsBite - One of Today's Top Gainers So Far

Posted: Thursday, March 12, 2009 11:17 AM EDT

Cheesecake Factory (CAKE) leads the list of top gainers so far today and is now at $9.39, up $0.47 (5.21%) on volume of 333,440 shares traded. Over the last 52 weeks the stock has ranged from a low of $4.96 to a high of $23.25. Cheesecake Factory stock has been showing support around $8.06 and resistance in the $9.74 range. Technical indicators for the stock are neutral and S&P gives CAKE a neutral 3 STARS (out of 5) hold ranking. If you are looking for a hedged play on CAKE the stock seems like it could be a candidate for a July out-of-the-money bull-put credit spread below the 7.50 range. [ABR-Seven Summits Strategic Investments NewsBite]

Click Symbol For More News On: (CAKE)