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TRANSOCEAN INC
(RIG-NYSE):
Technical Viewpoint: From a low
of $33.70 on Oct 19, 2004 prices
rallied, reaching a
high of $37.19
on Oct 22, 2004. A
decline saw prices pull back, reaching a
low of
$34.01 on Nov 2, 2004.
Another rally saw prices penetrate
resistance, closing 10/10/04
at $36.46. Technicals: Stochastic Oscillator (STOC): A Buy Alert!
was given on Nov 4, 2004 when the solid line crossed the dotted line to the upside.
Support: Remains at $34.25. Resistance: Is at $32.25.
Point & Figure: Reversed to the upside on Oct 29, 2004. A P&F upside
reversal takes place at $34.00. Summary: Technical indicators have turned bullish. BUY! TRANSOCEAN INC
(RIG-NYSE) @ $36.75 Stop: Use a protective stop of $34.75.
TRANSOCEAN INC is currently trading @ $36.46 plus $1.63 on Nov 10, 2004. Price Objective:
$49.75. Risk/Reward: $2.00 VS. $13.00. Today's Risk Reward Ratio: 6:1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$49.75
Risk/Reward:
$2.00 VS. $13.00
Risk/Reward Ratio:
6:1
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