• Return to Headlines

Shares of RIG Up 14.4% Since Uptrend Call on Shares

By Nick Russo

SmarTrend identified an Uptrend for Transocean Ltd (NYSE:RIG) on January 4th, 2019 at $7.59. In approximately 3 months, Transocean Ltd has returned 14.36% as of today's recent price of $8.68.

In the past 52 weeks, Transocean Ltd share prices have been bracketed by a low of $6.19 and a high of $14.47 and are now at $8.68, 40% above that low price. The 200-day and 50-day moving averages have moved 0.63% lower and 0.02% lower 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