Diamond Offshore Drilling (DO) NewsBite - Higher Oil Boosts DO
Oct 12, 2009 (Fresh Brewed Media via COMTEX) --
Company: Diamond Offshore Drilling, Inc (DO)
Diamond Offshore Drilling (NYSE: DO) opened at $101.70. So far today, the stock has hit a low of $101.17 and a high of $103.01. DO is now trading at $102.13, up $2.02 (2.02%). Over the last 52 weeks the stock has ranged from a low of $53.30 to a high of $101.40. DO shares are rising with other oil stocks 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 November out-of-the-money bull-put credit spread below the 90 range.
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Company: Diamond Offshore Drilling, Inc (DO)
Related terms: futures, nyse, oil, S&P
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