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RIG/N trade ideas

$RIG Transocean has to catch a break sometime. From a charting perspective RIG is really at a critical level, historically it has had a lot of false dawns and ended up falling out from these bearish rising channel, technical indicators are also all turning negative coming into earnings . The analysts covering the name have a average price target of $11.97 and a overweight rating, 20 analysts have a buy rating with only 3 sell ratings. A stock looking cheap does not mean it will not get cheaper, despite large contracts wins for RIG investors seem to selling any rips. We have set alerts for a break above $10 for a possible long. Transocean Ltd., together with its subsidiaries, provides offshore contract drilling services for oil and gas wells worldwide. The company primarily offers drilling rigs, related equipment, and work crews; and ultra-deepwater and harsh environment drilling services. As of February 18, 2019, it owned or had partial ownership interests in, and operated 48 mobile offshore drilling units that consist of 31 ultra-deepwater floaters, 13 harsh environment floaters, and 4 midwater floaters. The company serves integrated oil companies or their affiliates, as well as government-controlled oil companies and independent oil companies. Transocean Ltd. was founded in 1953 and is based in Steinhausen, Switzerland.
NYSE:RIG
by RedHotStocks
Bullish Oil Futures = Energy Companies #18 (RIG)Timing: Pay attention with this explanation: The first week of February the Dow Jones dropped 1,175 points and the major indexes too. When a situation like this happen is a good opportunity to buy stocks at discount but not intermediately Not the next day or the next week, it is necessary to wait a few months for things to calm down. If you look the SP 500 for example or the Russell 2000 too you can appreciate that the week than the market dropped did a support and one month later the market dropped again and did a support in the same level at the end of March and a pattern began to take shape (a triangle with the same level of support) and now (May 01 to 15) this pattern is already broken. and the major indexes are bullish in this moment. And what does this mean= synchronization or timing For a swing trader the synchronization with the major indexes is very important because. You can not afford to keep open positions in negative territory for months, waiting for things to improve. And the other aspect to watch is that Crude Oil Index is Bullish too. The idea is a triple bottom look the arrows (Support=Blue Arrows) (Resistance=Red Arrows)
NYSE:RIGLong
by Alex_Quiroga
RIG-Looking Good for an EntryRIG-is looking good for a long play...short-term it is crossing over on the MACD and with US drilling news from the US govt....Offshore RIGS are on the move. I look at this level for 1 and 2 year leaps at this price with targets of 15, 30 and 45 over the next two years. Complete your own assessments and conduct your risk profiles. My chart and plan are my own and any other party that trades with this information does so at there own risk....
NYSE:RIGLong
by ramonbenavides12