Blue Harbor declares and adds to CACI stake

Comment

Shutterstock photo

Bobby Raines 12/06/2013

Blue Harbour Group, which declared a greater than 10% stake in CACI International ( CACI ) on Dec. 2, added an additional 17,144 shares to its holdings on Dec. 4. At $71/84 per share, Blue Harbor paid a total of $1,232,779.

IK-> The technicals for CACI ($73.10 up $0.45) are bullish with a neutral trend. Recent support has been around $71.78 and recent resistance has been around $73.81. Standard & Poor's has a two STARs (out of five) rating on the stock. Look at the March 60/65 bull-put spread for a 30-cent credit. That's a 6.38% return and the stock has to fall 11.1% to cause a problem.  [InvestorsKeyhole, Various news and data services]

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Originally published on InvestorsObserver.com



This article appears in: Investing , Options


More from InvestorsObserver

Subscribe






InvestorsObserver
Contributor:

InvestorsObserver

Options
Follow on:

Find a Credit Card

Select a credit card product by:
Select an offer:
Search
Data Provided by BankRate.com