I got a Buy Signal on TRANSOCEAN INC, symbol (RIG) at 122.25 on 1/31/2008
Price and moving averages:TRANSOCEAN INC, symbol (RIG), has closed below its Short time moving average.
Short time moving average is currently below mid-time, AND below long time moving averages.
The relationship between price and moving averages is: bearish in short-term, and bearish in mid-long term.
Bollinger Bands:TRANSOCEAN INC, symbol (RIG), has closed below the lower band by 32.8%%. This combined with the steep downtrend can suggest that the downward trend in prices has a good chance of continuing. However, a short-term pull-back inside the bands is likely.
Bollinger Bands are 47.4%% wider than normal.
The large width of the bands suggest high volatility as compared to RIG's normal range. Therefore, the probability of volatility decreasing and prices entering (or remaining in) a trading range has increased for the near-term. The bands have been in this wide range for 25 bars.The probability of prices consolidating into a less volatile trading range increases the longer the bands remain in this wide range.
This commentary is not a recommendation to buy or sell. This is a commentary about a trade I made.
Fundamentals:I also like that TRANSOCEAN INC has an EPS of 8.954 which is and indication of profitability and not a very high dillution. The company is growing, as shown by a PEG (price/earnings growth) of 0.58.
This one I will keep for the core portfolio.
Recommend this article...
Last update : 13-02-2008 21:05
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