Diamond Offshore Drilling (DO) NewsBite - Higher Oil Boosts DO
Posted: Monday, September 28, 2009 2:55 PM EDT
By: Market Intelligence Center Staff
Diamond Offshore Drilling (NYSE: DO) opened at $91.32. So far today, the stock has hit a low of $91.12 and a high of $93.55. DO is now trading at $93.02, up $1.77 (1.94%). Over the last 52 weeks the stock has ranged from a low of $53.30 to a high of $111.99. Shares of DO are trading higher today, helped by higher oil futures. Technical indicators for the stock are bullish and S&P gives DO a positive 4 STARS (out of 5) buy ranking. If you are looking for a hedged play on DO the stock seems like it could be a candidate for a December out-of-the-money bull-put credit spread below the 80 range. [ABR-Seven Summits Strategic Investments NewsBite]
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