Technical trade #1: Diamond Offshore Drilling (DO) - Blogging Stocks

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Technical trade #1: Diamond Offshore Drilling (DO)
Sep 05, 2009 04:00 PM UTC

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Symbol	Sentiment	Start	Return	Closed
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Filed under: Technical Analysis, Stocks to Buy

diamond offshore technical analysis Worldwide offshore oil and gas drilling contractor Diamond Offshore Drilling Inc. (NYSE: DO) has formed a massive bottom known as a cup-and-handle, which is a very bullish formation.

Coupled with a gold cross (also bullish), DO recently flashed a buy signal from the Moving Average Convergence/Divergence (MACD) indicator.

Continue reading Technical trade #1: Diamond Offshore Drilling (DO)

Technical trade #1: Diamond Offshore Drilling (DO) originally appeared on BloggingStocks on Sat, 05 Sep 2009 11:00:00 EST. Please see our terms for use of feeds.

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