Total (TOT) NewsBite - TOT Moving Higher Following Q3 Earnings

Posted: Thursday, November 05, 2009 1:41 PM EDT

Total (NYSE: TOT) opened at $62.16. So far today, the stock has hit a low of $61.96 and a high of $63.10. TOT is now trading at $62.52, up $1.01 (1.64%). The stock hit its 52-Week high of $64.65 in last month and set its 52-Week low of $42.88 in March. The company posted third quarter results yesterday, announcing a 54% drop in profit, but still higher than analysts had been expected. Technical indicators for the stock are bullish and S&P gives TOT a positive 4 STARS (out of 5) buy ranking. If you are looking for a hedged play on TOT the stock seems like it could be a candidate for a December out-of-the-money bull-put credit spread below the 55 range. [ABR-Seven Summits Strategic Investments NewsBite]

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