• Return to Headlines

Diamond Offshore Drilling (DO) Approaches New Downside Target of $11.10

By Shiri Gupta

Shares of Diamond Offshore Drilling (NYSE:DO) opened today below their pivot of $11.60 and have already reached the first level of support at $11.30. Investors may be interested in a cross of the next downside pivot targets of $11.10 and $10.60.

Potential upside of 0.0% exists for Diamond Offshore Drilling, based on a current level of $0.00 and analysts' average consensus price target of $16.87. The stock should find initial resistance at its 200-day moving average (MA) of $21.03 and further resistance at its 50-day MA of $22.39.

In the past 52 weeks, shares of Diamond Offshore Drilling have traded between the current low of $0.00 and a high of $35.95 and are now at $0.00. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 1.5%.

SmarTrend recommended that its subscribers protect gains by selling shares of Diamond Offshore Drilling on April 21st, 2017 by issuing a Downtrend alert when the shares were trading at $14.81. Since that call, shares of Diamond Offshore Drilling have fallen 22.4%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: pivot alerts Diamond Offshore Drilling

Ticker(s): DO