Precision Drilling (PDS) NewsBite - PDS Trading Higher Following Broker Coverage

Posted: Tuesday, November 03, 2009 1:48 PM EDT

Precision Drilling (NYSE: PDS) opened at $6.41. So far today, the stock has hit a low of $6.33 and a high of $6.72. PDS is now trading at $6.69, up $0.22 (3.4%). The stock hit its 52-Week high of $12.06 in November and set its 52-Week low of $2.00 in February. The stock is higher today after RBC Capital initiated coverage on the stock today with an Outperform rating and $9 price target. Technical indicators for the stock are and S&P does not currently have a STARS rating for PDS. We will just watch this one for now. There are no hedged trades we like the look of for PDS. [ABR-Seven Summits Strategic Investments NewsBite]

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