Continental Airlines (CAL) NewsBite - CAL Rises on Lower Oil

Posted: Monday, October 05, 2009 11:22 AM EDT

Continental Airlines (NYSE: CAL) opened at $15.83. So far today, the stock has hit a low of $15.68 and a high of $16.38. CAL is now trading at $15.80, up $0.18 (1.15%). Over the last 52 weeks the stock has ranged from a low of $6.37 to a high of $21.83. Shares of CAL are trading higher with other airlines today, helped by lower oil futures. Technical indicators for the stock are bullish and S&P gives CAL a positive 4 STARS (out of 5) buy ranking. If you are looking for a hedged play on CAL the stock seems like it could be a candidate for a November out-of-the-money bull-put credit spread below the 13 range. [ABR-Seven Summits Strategic Investments NewsBite]

Click Symbol For More News On: (CAL)