Career Education (CECO) NewsBite - One of Today's Top Gainers

Posted: Thursday, November 05, 2009 2:56 PM EDT

Career Education (CECO) leads the list of top gainers today after the company reported a third-quarter profit last night that beat analysts' forecasts. The stock is now at $22.91, up $2.13 (10.25%) on volume of 2,466,783 shares traded. Over the last 52 weeks the stock has ranged from a low of $13.26 to a high of $26.53. Career Education stock has been showing support around $20.33 and resistance in the $21.47 range. 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]

Click Symbol For More News On: (CECO)