Continental Airlines (CAL) NewsBite - CAL Is On the Move
Posted: Monday, November 09, 2009 10:24 AM EDT
By: Market Intelligence Center Staff
Continental Airlines (CAL) appears to be on the move today and is now at $13.21, up $0.44 (3.45%) on volume of 1,705,331 shares traded. Over the last 52 weeks the stock has ranged from a low of $6.37 to a high of $21.83. CAL was covered in a Vic Wisemann report today. To read the report, go to www.marketintelligencecenter.com/vw110909 . Continental Airlines stock has been showing support around $11.41 and resistance in the $13.57 range. 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 January out-of-the-money bull-put credit spread below the 10 range. [ABR-Seven Summits Strategic Investments NewsBite]
CLICK HERE: FREE Continental Airlines (CAL) Stock ReportSee what our analysts have uncovered about Continental Airlines (CAL).