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32.2% Return Seen to Date on SmarTrend Transocean Ltd Call (RIG)

By James Quinn

SmarTrend identified an Uptrend for Transocean Ltd (NYSE:RIG) on April 10th, 2018 at $10.37. In approximately 1 month, Transocean Ltd has returned 32.21% as of today's recent price of $13.71.

In the past 52 weeks, shares of Transocean Ltd have traded between a low of $7.20 and a high of $16.66 and are now at $13.71, which is 90% above that low price. Over the past week, the 200-day moving average (MA) has gone down 0.5% while the 50-day MA has advanced 1.6%.

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