closed above $37 yesterday (when the dow was down about 100 at one point), held that level today, and volume has been better the last few days as the price rises. Stock is trading pretty well the last few days.
I agree, it is getting towards the top of its trading range but I am very hesitant to unload and wait for it to dip back down because with this economic climate, a slow melt up may allow for a break out from its historic trading range. I sure would hate to miss that run. (and the dividend does makes me want to hold for a while)
check this chart- look at how SDRLis riding that lower channel line. Hasn't broken below it since October. I think we go higher. Plus $$ that would be in RIG had to go elsewhere for awhile. SDRL is one of those other places.