BP (BP) Moving Higher WIth Oil Prices Trading Lower
Posted: Friday, March 12, 2010 2:13 PM EDT
BP (NYSE: BP) opened at $56.69. So far today, the stock has hit a low of $56.52 and a high of $56.98. BP is now trading at $56.86, up $0.26 (0.46%). The stock hit its 52-Week high of $62.38 in January and set its 52-Week low of $36.96 last March. BP is trading up today as oil prices fall by $1.22 to $80.89 a barrel. Technical indicators for the stock are bullish and S&P gives BP a positive 4 STARS (out of 5) buy ranking. If you are looking for a hedged play on BP the stock seems like it could be a candidate for a July out-of-the-money bull-put credit spread below the 45 range. [ABR-Seven Summits Strategic Investments NewsBite]
Click Symbol For More News On: (BP)
CLICK HERE: FREE BP (BP) Stock ReportSee what our analysts have uncovered about BP (BP).
Limited Time Offer: Click here for “FREE PriceWatch Alerts” on leading stocks from Investors Observer. Get the right investing information at the right time. Give yourself EVERY edge in this market GO »