TBS International Limited (TBSI) NewsBite - Trading With Unusual Volume

Posted: Wednesday, December 31, 2008 2:04 PM EDT

TBS International Limited (TBSI) appears to be trading at a higher than usual volume today and is now at $9.93, up $1.20 (13.75%) on volume of 1,120,482 shares traded. For the last 30 days TBSI has traded 846,560 shares on average each day. So far today's volume is 32.36% above that average volume. Over the last 52 weeks the stock has ranged from a low of $3.40 to a high of $61.95. TBS International Limited stock has been showing support around $7.46 and resistance in the $9.40 range. Technical indicators for the stock are bullish 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 March out-of-the-money bull-put credit spread below the 7.50 range. [ABR-Seven Summits Strategic Investments NewsBite]

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