Thursday, May 19, 2011 9:05:10 AM
Brigham Exploration (NASDAQ: BEXP) opened at $27.70. So far today, the stock has hit a low of $27.65 and a high of $29.21. BEXP is now trading at $29.20, up $1.75 (6.36%). Over the last 52 weeks the stock has ranged from a low of $13.45 to a high of $37.87. BEXP shares are getting support from rising oil futures. Technical indicators for the stock are bearish and S&P does not currently have a STARS rating for BEXP. If you are looking for a hedged play on BEXP the stock seems like it could be a candidate for a July out-of-the-money bull-put credit spread below the 26 range.
All of my posts are my own opinion. Always perform your own due diligence on every investment you are considering, or contact your licensed investment adviser.
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