Chiquita Brands International Inc. (CQB)

[Homard]

Chiquita Brands (CQB) NewsBite - CQB Is On the Move
Posted on Thursday, April 09, 2009 11:28 AM
Chiquita Brands International (CQB) appears to be on the move today and is now at $7.42, up $0.37 (5.25%) on volume of 247,929 shares traded. Over the last 52 weeks the stock has ranged from a low of $4.32 to a high of $25.77. Chiquita Brands International stock has been showing support around $6.65 and resistance in the $7.25 range. Technical indicators for the stock are neutral and S&P does not currently have a STARS rating for CQB. If you are looking for a hedged play on CQB the stock seems like it could be a candidate for a May out-of-the-money bull-put credit spread below the 5 range. [ABR-Seven Summits Strategic Investments NewsBite]