Add RIG to Your Close Watch List

Posted by Blain Reinkensmeyer on Tuesday December 12, 2006

Shares of Transocean (RIG) are up today close to 2% as of 10:29 AM EST. After breaking $80 the stock has seen volume dry out with heightened price volatility. What we are looking for here is a push towards $82 on heavy accumulation type volume. This would resemble strength in the stock and a buy in some traders books. Transocean is a Oilgas-drilling stock. High today is $81.50. Chart Attached.

RIG 123.JPG

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Pingback by RIG Runs Past $82 - Stock Trading 101
2006-12-13 11:26:35
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