SandRidge Energy (SD) NewsBite - Trading With Unusual Volume
Posted: Monday, August 10, 2009 3:09 PM EDT
By: Market Intelligence Center Staff
SandRidge Energy (SD) appears to be trading at a higher than usual volume today and is now at $11.48, up $0.61 (5.61%) on volume of 6,572,005 shares traded. For the last 30 days SD has traded 4,076,450 shares on average each day. So far today's volume is 61.22% above that average volume. Over the last 52 weeks the stock has ranged from a low of $4.49 to a high of $44.71. SandRidge Energy stock has been showing support around $8.89 and resistance in the $11.89 range. 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 December out-of-the-money bull-put credit spread below the 10 range. [ABR-Seven Summits Strategic Investments NewsBite]
CLICK HERE: FREE Sandridge Energy (SD) Stock ReportSee what our analysts have uncovered about Sandridge Energy (SD).