The technicals for ATW are looking pretty strong. No. 2 on NYSE 100 top buying list at nna100 website.
Previous lows could come back into play again.
Hard to raise the Titanic.
Atwood Oceanics Raised to Overweight From Equalweight by Johnson Rice & Co ATW
Sep 30, 2013 11:39:55 (ET)
I agree. The downward pressure on oil and commodities is short term. This week, ATW was moved by general market news, nothing specific regarding ATW. Long term the population of the world will continue to grow and demand more resources.