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19.1% Return Seen to Date on SmarTrend Transocean Ltd Call (RIG)

By David Diaz

SmarTrend identified an Uptrend for Transocean Ltd (NYSE:RIG) on January 4th, 2019 at $7.59. In approximately 2 months, Transocean Ltd has returned 19.10% as of today's recent price of $9.04.

Transocean Ltd share prices have moved between a 52-week high of $14.47 and a 52-week low of $6.19 and are now trading 46% above that low price at $9.05 per share. The 200-day and 50-day moving averages have moved 0.76% lower and 1.97% higher over the past week, respectively.

Transocean Ltd. is an offshore drilling contractor. The Company owns and operates mobile offshore drilling units, inland drilling barges, and other assets utilized in the support of offshore drilling activities worldwide. Transocean specializes in technically demanding segments of the offshore drilling business, including deepwater and harsh environment drilling services.

SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any shifts in the trajectory of Transocean Ltd shares.

Log in and add Transocean Ltd (RIG) to your watchlist today so you can receive a real-time alert when the shares are about to change trend.

Keywords: spotlights transocean ltd

Ticker(s): RIG