[May 23, 2013] Upgrade Alert for Diamond Offshore Drilling (DO) Tweet May 23, 2013 (SmarTrend(R) Upgrades/Downgrades via COMTEX) -- Diamond Offshore Drilling (NYSE:DO) was upgraded from Sell to Neutral at Goldman Sachs today. The stock closed yesterday at $70.87 on volume of 601,000 shares, below average daily volume of 1.0 million. Diamond Offshore Drilling (NYSE:DO) has potential upside of 7.5% based on a current price of $70.87 and analysts' consensus price target of $76.17. The stock should find initial support at its 200-day moving average (MA) of $69.11 and further support at its 50-day MA of $69.02. In the past 52 weeks, Diamond Offshore Drilling share prices have been bracketed by a low of $55.83 and a high of $76.85 and closed yesterday at $70.87, 27% above that low price. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.3%. Diamond Offshore Drilling, Inc. drills offshore oil and gas wells on a contract basis. The Company is a world-wide deep water driller that serves markets that include the deep water, harsh environment, conventional semisubmersible and jack-up markets. SmarTrend is tracking the current trend status for Diamond Offshore Drilling and will alert subscribers who have DO in their portfolio or watchlist when shares have changed trend direction. 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 ]