Diamond Offshore Drilling (DO) NewsBite - DO Falls on Lower Oil
Posted: Monday, November 30, 2009 1:38 PM EDT
By: Market Intelligence Center Staff
Diamond Offshore Drilling (NYSE: DO) opened at $99.16. So far today, the stock has hit a low of $98.69 and a high of $100.83. DO is now trading at $99.00, down $0.46 (-0.46%). Over the last 52 weeks the stock has ranged from a low of $53.30 to a high of $108.78. DO shares are being pulled down by lower oil futures today. 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 January out-of-the-money bear-call credit spread above the 110 range. [ABR-Seven Summits Strategic Investments NewsBite]
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