ARTICLE SYNOPSIS...Transocean (RIG), a world leader in offshore drilling, broke major resistance in January and the current pullback looks like a classic throwback.
ARTICLE SYNOPSIS...A failed support break for Transocean looks like a bear trap that could keep the long-term uptrend alive.
ARTICLE SYNOPSIS...Down by more than 16% since making a significant swing high in November 2013, shares of Trans Ocean Ltd. once again have heavy bearish momentum working against them.
ARTICLE SYNOPSIS...Down by nearly 82% since its May 2008 peak, shares of Transocean Ltd. may be getting close to a major low.