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DIAMOND OFFSHORE DRILLING
(DO-NYSE):
Technical Viewpoint: From a low
of $30.60 on May 1, 2002 prices
rallied, reaching a
high of $34.99
on May 14, 2002. A
decline saw prices pull back, reaching a
low of
$32.16 on May 17, 2002.
Another rally saw prices penetrate
resistance, closing 5/22/02
at $33.84. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Apr 16, 2002 when the Histogram crossed the "0" line to the upside.
Support: Remains at $32.00. Resistance: Is at $34.99.
Point & Figure: Reversed to the upside on May 20, 2002. A P&F upside
reversal takes place at $32.55. Summary: Technical indicators have turned bullish. BUY! DIAMOND OFFSHORE DRILLING
(DO-NYSE) @ $34.13 Stop: Use a protective stop of $31.63.
DIAMOND OFFSHORE DRILLING is currently trading @ $33.84 plus $1.03 on May 22, 2002. Price Objective:
$44.00. Risk/Reward: $2.50 VS. $10.00. Today's Risk Reward Ratio: 4:1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$44.00
Risk/Reward:
$2.50 VS. $10.00
Risk/Reward Ratio:
4:1
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