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Dresser-Rand (DRC – option chain) shares are rising today after the company announced it has agreed to acquire diesel and gas engine supplier Grupo Guascor SL in a $690 million cash-and-stock deal. 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 DRC.

DRC opened this morning at $51.76. So far today the stock has hit a low of $51.15 and a high of $53.80. As of 12:25, DRC is trading at $52.70 up $2.30 (4.5%). The chart for DRC looks neutral and S&P gives DRC a neutral 3 STARS (out of 5) hold ranking.

Read the complete article here.

Happy trading,

Curt