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Breaking financial news 24/7 courtesy of TradingCharts.com Inc. / TFC Commodity Charts |
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May 09, 2008 (Fresh Brewed Media via COMTEX) -- Dominion Resources Inc. (D) opened at 45.01. So far today, the stock has hit a low of 44.21 and a high of 45.01. D is now trading at 44.49, down 0.52 (-1.14%). The stock hit its 52 week high of 49.38 in December and set its 52 week low of 38.63 in March. The stock climbed during the second half of 2007, but has shown signs of weakness this year. Dominion Resources shares have been slipping along with the broader market after American International Group (AIG), the world's largest insurer, reported a larger-than-expected loss for the first quarter, stirring investors' anxiety about the strained state of the global financial system. In addition, soaring oil prices renewed inflationary concerns. Technical indicators for the stock are bullish and steady while S&P gives D a positive 4 STARS (out of 5) buy rating. If you're looking for a hedged play on this stock, consider an October bear-call credit spread above the $50 range. D stock could rise up to 12.4% before expiration and this position would still be profitable. RHF - 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 |
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(C) Copyright 2008, Fresh Brewed Media. All rights reserved. ********************************************************************** As of Monday, 05-05-2008 23:59, the latest Comtex SmarTrend® Alert, an automated pattern recognition system, indicated Please read the End User Agreement. News provided by COMTEX |
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