• Return to Headlines

After Yesterday's Rally of 1.25% Shares Could Potentially Pullback

By David Diaz

Transocean Ltd (NYSE:RIG) traded in a range yesterday that spanned from a low of $9.57 to a high of $9.84. Yesterday, the shares gained 1.3%, which took the trading range above the 3-day high of $9.62 on volume of 5.0 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

In the past 52 weeks, Transocean Ltd share prices have been bracketed by a low of $8.70 and a high of $14.47 and are now at $9.68, 11% above that low price. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has declined 1.2%.

SmarTrend is tracking the current trend status for Transocean Ltd and will alert subscribers who have RIG in their portfolio or watchlist when shares have changed trend direction.

Keywords: rebounders transocean ltd

Ticker(s): RIG