Diamond Offshore Drilling (DO) NewsBite - DO Rises on Buy Rating
Posted: Monday, January 04, 2010 1:42 PM EDT
By: Market Intelligence Center Staff
Diamond Offshore Drilling (NYSE: DO) opened at $100.01. So far today, the stock has hit a low of $100.01 and a high of $101.43. DO is now trading at $100.74, up $2.32 (2.36%). Over the last 52 weeks the stock has ranged from a low of $53.30 to a high of $108.78. DO shares are on the move today after analysts at C.K. Cooper initiated the stock at Buy with a $118 price target. Technical indicators for the stock are bullish and S&P gives DO a positive 4 STARS (out of 5) buy ranking. If you are looking for a hedged play on DO the stock seems like it could be a candidate for a March out-of-the-money bull-put credit spread below the 90 range. [ABR-Seven Summits Strategic Investments NewsBite]
CLICK HERE: FREE Diamond Offshore Drilling (DO) Stock ReportSee what our analysts have uncovered about Diamond Offshore Drilling (DO).