Carrizo Oil and Gas (CRZO) NewsBite - CRZO Upgraded By Sun Trust

Posted: Monday, November 16, 2009 1:18 PM EDT

Carrizo Oil and Gas (CRZO) was upgraded today by analysts at Sun Trust and the stock is now at $23.46, up $0.42 (1.82%) on volume of 453,878 shares traded. The analysts upped CRZO to Buy from Neutral. Over the last 52 weeks the stock has ranged from a low of $6.71 to a high of $30.22. Carrizo Oil and Gas stock has been showing support around $22.07 and resistance in the $24.07 range. Technical indicators for the stock are bearish and S&P does not currently have a STARS rating for CRZO. If you are looking for a hedged play on CRZO 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: (CRZO)