markrivest
Short

RIG One of the Most Bearish Stocks

NYSE:RIG   TRANSOCEAN LTD
71 2 4
If you want to short individual stocks look for the ones that are weak compared to the broader stock market .
RIG is an excellent example of a stock to short. It has underperformed the market for years. Its most recent rally up to 13.03 is just the most recent example of weakness as it failed to move above the prior high at 13.48 made in February.
Compare this to the SPX             which has moved above its February high.

RIG is a great stock to short if it has another rally. Minimum downside target is 7.67 lower targets could be difficult to determine because the stock has never been lower than 7.67.

Mark
Trance-Man
6 months ago
Agree, thanks for the follow up. :)
Reply
markrivest Trance-Man
6 months ago
Hi Trance-Man

Glad to help. Watch for my posts about the stock market, the next few weeks could very interesting.

Mark
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