RIG Shares Up

Market Intelligence Center (09/09/2010)
"Transocean opened at $54.89. So far today, the stock has hit a low of $54.40 and a high of $56.44. RIG is now trading at $56.06, up $2.32 (4.32%). The stock hit its 52-week high of $94.88 in January and set its 52-week low of $41.88 in June. RIG stock is trading up nicely today along with rising oil prices, which are up $0.75 a barrel today to $75.42. Technical indicators for the stock are neutral and S&P gives RIG a neutral 3 STARS (out of 5) hold ranking. If you are looking for a hedged play on RIG, the stock seems like it could be a candidate for a November out-of-the-money bull-put credit spread below the 40 range."

 PRINT THIS PAGE   EMAIL THIS PAGE

Under SEC rules, analysts are required to disclose their interest in securities that they cover. We strongly encourage you to contact them to understand any potential conflicts of interest they may have.

Related Quotes: