Career Education (CECO) NewsBite - COCO Earnings Boost CECO

Posted: Tuesday, August 25, 2009 10:43 AM EDT

Career Education (NasdaqNM: CECO) opened at $25.01. So far today, the stock has hit a low of $24.84 and a high of $25.73. CECO is now trading at $25.02, up $.34 (1.38%). Over the last 52 weeks the stock has ranged from a low of $12.44 to a high of $26.53. CECO shares are rising with other educational stocks this morning after competitor Corinthian Colleges (COCO) reported fourth-quarter earnings that easily outpaced analysts' forecasts. This could be a good sign for CECO. 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 January out-of-the-money bull-put credit spread below the 20 range. [ABR-Seven Summits Strategic Investments NewsBite]

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