RIG went up two days from $52 to $59 on an 8 million and 10 million volume, and down almost $2/share on a 3+ million shares? Low volume manipulation is what this is.
No good news on the immediate horizon (minus the small chance of a settlement in the short term)) which means RIG will bob up and down with the market. Market looks tired, I don't see this hitting 60 until earnings next month.
So what do you think overall? We going up or down. We've been down for 4 days now...
Dow is down 88 points now. I believe they can only take it down so much.In the past, resistance was at $54.50-$54.70.I'm hoping that the 'former resistance level' is now the 'new support level'.