Oshkosh Truck (OSK) NewsBite - OSK Jumps on Military Contract
Posted: Wednesday, July 01, 2009 12:44 PM EDT
By: Market Intelligence Center Staff
Oshkosh Truck (NYSE: OSK) opened at $18.67. So far today, the stock has hit a low of $17.80 and a high of $19.00. OSK is now trading at $18.12, up $3.58 (24.62%). Over the last 52 weeks the stock has ranged from a low of $3.85 to a high of $20.95. Shares of OSK are trading higher today after the company won a $1.05 billion military contract. OSK will provide 2,244 armored trucks to the US Army. Technical indicators for the stock are bullish and S&P gives OSK a positive 4 STARS (out of 5) buy ranking. If you are looking for a hedged play on OSK the stock seems like it could be a candidate for an August out-of-the-money bull-put credit spread below the 15 range. [ABR-Seven Summits Strategic Investments NewsBite]
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