Career Education Corp. (NASDAQ: CECO - option chain) shares have jumped higher this morning after the company posted a fourth-quarter profit of $31.2 million, or 35 cents per share, easily beating analysts' projections of 20 cents per share. It seems that in this terrible economy, people might be taking the opportunity to go to a trade school to get training in a new field. If you think that the stock won't fall by too much in the coming months, then now could be a good time to look at a bullish hedged trade on CECO.CECO opened this morning at $21.60. So far today the stock has hit a low of $20.14 and a high of $23.90. As of 12:00, CECO is trading at $23.54, up $3.88 (19.7%). The chart for CECO looks bearish and S&P gives CECO a negative 2 STARS (out of 5) sell ranking.
Closing Bell: Dubai sends jitters throughout the market (S, BBY)
Heinz looking good after the second quarter?
Why isn't Bank of America updating its shareholders on CEO situation?
