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ENSCO International (ESV) NewsBite - Oil FUtures Pull Down ESV

Wed. October 08, 2008; Posted: 11:15 AM
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Oct 08, 2008 (Fresh Brewed Media via COMTEX) -- ESV | Quote | Chart | News | PowerRating -- ENSCO International (NYSE: ESV | Quote | Chart | News | PowerRating) opened at $41.75. So far today, the stock has hit a low of $39.42 and a high of $43.53. ESV is now trading at $42.53, down $0.48 (-1.12%). Over the last 52 weeks the stock has ranged from a low of $42.91 to a high of $83.24. Shares of ESV are declining today with other oil service stocks, hurt by lower oil futures. Technical indicators for the stock are bullish and S&P gives ESV a positive 4 STARS (out of 5) buy ranking. If you are looking for a hedged play on ESV the stock seems like it could be a candidate for a November out-of-the-money bear-call credit spread above the 50 range.

ABR-Seven Summits Strategic Investments NewsBite Goto www.iotogo.com/18w1 for our free report titled, The 18 Ways To Know When It's Time To Dump A Stock

For full details on Ensco International Inc (ESV) click here. Ensco International Inc (ESV) has Short Term PowerRatings of 5. Details on Ensco International Inc (ESV) Short Term PowerRatings is available at This Link.

    


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