TBS International (TBSI) NewsBite - TBSI Is On the Move

Posted: Monday, December 15, 2008 10:33 AM EDT

TBS International (TBSI) appears to be on the move today and is now at $8.65, up $.96 (12.48%) on volume of 400,981 shares traded. Over the last 52 weeks the stock has ranged from a low of $3.40 to a high of $61.95. TBS International stock has been showing support around $5.52 and resistance in the $8.80 range. Technical indicators for the stock are neutral and S&P does not currently have a STARS rating for TBSI. If you are looking for a hedged play on TBSI the stock seems like it could be a candidate for a January out-of-the-money bull-put credit spread below the 7.50 range. [ABR-Seven Summits Strategic Investments NewsBite]

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