ENSCO International (ESV) NewsBite - ESV Upgraded By MKM Partners

Posted: Thursday, November 19, 2009 1:39 PM EDT

ENSCO International (ESV) was upgraded today by analysts at MKM Partners and the stock is now at $45.93, down $1.26 (-2.67%) on volume of 1,413,561 shares traded. The analysts upped the stock to Buy from Neutral. Over the last 52 weeks the stock has ranged from a low of $22.04 to a high of $51.30. ENSCO International stock has been showing support around $45.82 and resistance in the $48.66 range. Technical indicators for the stock are bearish and S&P gives ESV a negative 2 STARS (out of 5) sell ranking. If you are looking for a hedged play on ESV the stock seems like it could be a candidate for a January out-of-the-money bull-put credit spread below the 40 range. [ABR-Seven Summits Strategic Investments NewsBite]

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