BP (BP) Declines on Lower Oil
Posted: Thursday, November 19, 2009 1:30 PM EDT
By: Market Intelligence Center Staff
BP (NYSE: BP) opened at $58.69. So far today, the stock has hit a low of $57.76 and a high of $58.71. BP is now trading at $58.30, down $0.94 (-1.59%). Over the last 52 weeks the stock has ranged from a low of $33.70 to a high of $60.00. BP shares are being pulled down by lower oil futures today. Technical indicators for the stock are neutral and S&P gives BP a neutral 3 STARS (out of 5) hold ranking. If you are looking for a hedged play on BP the stock seems like it could be a candidate for an April out-of-the-money bear-call credit spread above the 65 range. [ABR-Seven Summits Strategic Investments NewsBite]
CLICK HERE: FREE BP (BP) Stock ReportSee what our analysts have uncovered about BP (BP).