Breaking Wall Street Market News & Reports

As I’m writing this, I’m noticing heavy options interest (March $10 @.40) trading 60% (700 in volume today) of its open interest which suggests something is brewing behind the wires. Developers Diversified Inc. (DDR) is currently trading at $10. Momentum swing looks to spike upward as I have noticed from a 10 million stock purchase by an independent, which shows investor confidence. Nonetheless the company has been upgraded by RBC Capital Markets. Something is developing quick in the near term. All technicals point to a 100% buy.

Other notables to look out for are SRZ currently at $4.00

ACE

Tags: DDR, pop, real estate, REIT, SRZ, stock, undervalued

This entry was posted on Monday, February 22nd, 2010 at 12:35 pm and is filed under Contributors, Large Cap Stocks, Technical Stocks. You can follow any responses to this entry through the RSS 2.0 feed. Responses are currently closed, but you can trackback from your own site.