Filed under: Major Movement, Good news, Options, Technical Analysis
Siemens (SI – option chain) shares are rising on news that it has won two major contracts. SI will deliver turbines for gas-fired power plants to Nextera (FPL), a Florida-based utility, and also won a contract for a 500M euro power grid project in the North Sea. If you think that the stock won’t fall by too much in the coming months, then now could be a good time to look at a bullish hedged trade on SI.
SI opened Monday morning at $94.41. So far the stock has hit a low of $93.96 and a high of $95.43. As of 12:05, SI was trading at $94.90 up 4.40 (4.9%). The chart for SI looks bearish, but with a possible trend reversal.
Continue reading Siemens Lifted by Two Significant Contracts
Siemens Lifted by Two Significant Contracts originally appeared on BloggingStocks on Mon, 14 Jun 2010 13:00:00 EST. Please see our terms for use of feeds.
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Siemens – Business – Technical analysis – BloggingStocks – North Sea
