Can Diamond Offshore Drilling Dazzle Investors?
Diamond Offshore Drilling (DO) — This company is a worldwide offshore oil and gas drilling contractor. DO formed a massive bottom known as a cup-and-handle — a very bullish formation — coupled with a gold cross (also bullish), and a recent buy signal from the Moving Average Convergence/Divergence (MACD) indicator. In order for DO to make the final breakout, it must penetrate the triple-top at $94.50. If it can do it, the price objective is at least $110. DO pays a dividend of $8 a share, giving it a yield of 8.8%. 5 Surprising Rules for Rebuilding Your Wealth. Investors sitting on big losses are being told to just hunker down and take their lumps … and if they can just be patient and wait another 12 or 24 months, their investments will come back. That’s shameful advice! Once you know the new rules of trading, you’ll see how easy it is to earn double- and triple-digit profits now. Start rebuilding your wealth today.
