Cheesecake Factory (CAKE) NewsBite - CAKE Upgraded By KeyBanc Capital Markets
Posted: Thursday, April 16, 2009 2:07 PM EDT
By: Market Intelligence Center Staff
Cheesecake Factory (CAKE) was upgraded today by analysts at KeyBanc Capital Markets and the stock is now at $14.42, up $1.04 (7.77%) on volume of 1,911,835 shares traded. The brokerage upgraded the stock to Buy from Hold. Over the last 52 weeks the stock has ranged from a low of $4.96 to a high of $23.10. Cheesecake Factory stock has been showing support around $12.77 and resistance in the $13.71 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 May out-of-the-money bull-put credit spread below the 12.50 range. [ABR-Seven Summits Strategic Investments NewsBite]
CLICK HERE: FREE Cheesecake Factory (CAKE) Stock ReportSee what our analysts have uncovered about Cheesecake Factory (CAKE).