I like this level going into earnings on SDRL.. We bounced pretty hard at this level in the past and this stock can't go much lower. I'm playing the March 17th calls but you can do the weekly's also. You can buy the stocks but you have to be aware of the gap down. With options you can just buy your risk level.
This is a all time high stock price!!!! Lots of traders stay away from all time highs, but this one looks good to me.. If this can pull back too about $37 I would be more bullish then bearish on this stock. This had a nice 3 month distribution channel and breakout. I think this stock could hit $40 on a nice run from here.
Looks to be breaking ascending triangle. I see a double top at $9.00, and on the weekly no resistance to $14. It was a weaker candle on Friday, so lets make sure it's not forming a evening star. If we get a bullish candle Friday little gap up or take out the high of Fridays candle then time to put in a swing trade,.