Willbros Group (WG) NewsBite - Trading With Unusual Volume

Posted: Tuesday, November 11, 2008 3:14 PM EDT
By: Market Intelligence Center Staff

Willbros Group (WG) appears to be trading at a higher than usual volume today and is now at $9.21, down $0.35 (-3.66%) on volume of 2,877,100 shares traded. For the last 30 days WG has traded 1,054,390 shares on average each day. So far today's volume is 172.87% above that average volume. Over the last 52 weeks the stock has ranged from a low of $9.15 to a high of $47.93. Willbros Group stock has been showing support around $7.05 and resistance in the $13.75 range. Technical indicators for the stock are neutral and S&P does not currently have a STARS rating for WG. If you are looking for a hedged play on WG the stock seems like it could be a candidate for a December out-of-the-money bear-call credit spread above the 12.50 range. [ABR-Seven Summits Strategic Investments NewsBite]