timwest
Long

Diamond Offshore - DO - Daily - Turning up from oversold buy

NYSE:DO   DIAMOND OFFSHORE DRILLING INC
261 6 12
Offshore drilling has missed the rally in the oil             sector this year. Now with plenty of fresh profits on the books in the oil             sector, portfolio managers may lighten up on the winners and go bargain hunting in the discount aisle of the oil             sector. Given all of the fundamental issues with rig pricing and weak estimates for earnings , the whole sector is low right now. DO is turning up from a base and has decent support right in this area from long term value buyers. Buy with 53-55 target in the next 1-2 months, versus 48.06 last.
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Agree 100% again
+1 Reply
DIAMOND OFFSHORE looks good to buy now
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Does not seem to be doing well - any update on your view Tim?
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I'm out of all the oil and gas stocks...
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DO has been building here quietly. I still think it looks good and would consider publishing a new chart on it to highlight this trade setup.
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2use timwest
Now would be a great time. it seems to be changing direction
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