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Uptrend Call Working As Diamond Offshore Stock Rises 33.3% (DO)

By Shiri Gupta

SmarTrend identified an Uptrend for Diamond Offshore (NYSE:DO) on February 26th, 2018 at $15.31. In approximately 5 months, Diamond Offshore has returned 33.29% as of today's recent price of $20.40.

Over the past year, Diamond Offshore has traded in a range of $10.09 to $21.92 and is now at $20.40, 102% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.7% while the 200-day MA has risen 0.8%.

Diamond Offshore Drilling, Inc. is a global offshore oil and gas drilling contractor. The Company is a deep water driller that serves markets that include the deep water, harsh environment, conventional semisubmersible and jack-up markets.

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

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

Keywords: spotlights diamond offshore

Ticker(s): DO