Atw

[steelman]

Atwood Oceanics could be on the move. ATW was a Motley Fool pick for 2009 last December. Investools has it scoring very high on earnings and financial performance. They also have a projected price of $85. Back on December 20 there was a huge spike in volume. On that day the stock opened at just above $36, went all the way down to almost $34 and reversed, closing close to $36. This is the sign of a strong stock, shows resilience. Stochastics went about 25 and MACD went positive last week. Two days ago, it's price moved above its 30 day MA. I bought at $36.19. As long as we have a few more up days, should be good for a quick 15%.

Best, Steel

[dcman401]

Atwood Oceanics could be on the move. ATW was a Motley Fool pick for 2009 last December. Investools has it scoring very high on earnings and financial performance. They also have a projected price of $85. Back on December 20 there was a huge spike in volume. On that day the stock opened at just above $36, went all the way down to almost $34 and reversed, closing close to $36. This is the sign of a strong stock, shows resilience. Stochastics went about 25 and MACD went positive last week. Two days ago, it's price moved above its 30 day MA. I bought at $36.19. As long as we have a few more up days, should be good for a quick 15%.

Best, Steel

You're looking good steelman. I like this pick. I'm not getting in yet, perhaps if we see another 2 point dip I'll reconsider hoping for a retrace.

[mrmarket]

ATW looks really good but you are at the mercy of oil prices. If oil prices go up from here, this is a steal. If oil prices go back down to $50/bbl then it might get a bit dicey.

Good luck!