Diamond Offshore Drilling (DO) NewsBite - DO Upgraded By EVA Dimensions, LLC
Posted: Wednesday, January 20, 2010 1:51 PM EDT
By: Market Intelligence Center Staff
Diamond Offshore Drilling (DO) was upgraded today by analysts at EVA Dimensions, LLC and the stock is now at $100.45, down $3.07 (-2.97%) on volume of 1,095,044 shares traded. EVA Dimensions, LLC upgraded the stock today to Buy from Overweight. Over the last 52 weeks the stock has ranged from a low of $53.30 in March to a high of $108.78 in October. Diamond Offshore Drilling stock has been showing support around $101.40 and resistance in the $104.68 range. 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 86.25 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).