SandRidge Energy (SD) NewsBite - SD Higher on Rising Oil

Posted: Tuesday, January 06, 2009 10:33 AM EDT
By: Market Intelligence Center Staff





SandRidge Energy (NYSE: SD) opened at $8.22. So far today, the stock has hit a low of $8.05 and a high of $8.79. SD is now trading at $8.40, up $0.73 (9.52%). Over the last 52 weeks the stock has ranged from a low of $4.85 to a high of $69.41. Shares of SD are rising with other oil exploration stocks today, helped by higher oil futures. Technical indicators for the stock are neutral and S&P does not currently have a STARS rating for SD. If you are looking for a hedged play on SD the stock seems like it could be a candidate for a March out-of-the-money bull-put credit spread below the 5 range. [ABR-Seven Summits Strategic Investments NewsBite]



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