[May 23, 2012] Transocean Down 18.5% Since SmarTrend Downtrend Call (RIG) Tweet May 23, 2012 (SmarTrend(R) Spotlight via COMTEX) -- SmarTrend identified a Downtrend for Transocean (NYSE:RIG) on April 4th, 2012 at $52.26. In approximately 2 months, Transocean has returned 18.50% as of today's recent price of $42.59. Over the past year, Transocean has traded in a range of $38.21 to $70.58 and is now at $42.59, 11% above that low. Over the last five market days, the 200-day moving average (MA) has gone down 0.4% while the 50-day MA has declined 1.2%. Transocean Ltd. is an offshore drilling contractor. The Company owns or operates mobile offshore drilling units, inland drilling barges, and other assets utilized in the support of offshore drilling activities worldwide. Transocean specializes in technically demanding segments of the offshore drilling business, including deepwater and harsh environment drilling services. SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any changes in momentum for shares of Transocean. Log in and add Transocean (RIG) to your watchlist today so you can receive a real-time alert when the shares are about to change trend. Write to Chip Brian at [email protected] --------------------------------------------------------------------------------------------- SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.MySmarTrend.com/signup [ Back To TMCnet.com's Homepage ]