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Genentech Inc. (DNA) is a Double Header setup going into Thursday’s trading, and will be on our radar for a move above the Wednesday high and back to recent support/resistance levels around 75.00
Genentech Inc. (DNA)
Diamond Offshore Drilling Inc (DO) is a Switch Hitter setup with some pretty extreme intraday movement potential. Not for the weak of heart or stomach, the stock’s average true range is better than 3 points per day and swings could be unpalatable. We will look for entry opportunities above Wednesday’s high with reduced lot (share) size and a relatively wide intraday support stop.
Diamond Offshore Drilling Inc (DO)
Oceaneering Intl Inc (OII) is in the second day of a Switch Hitter setup and looks interesting going into Thursday’s trading. The stock did not make yesterday’s cut due to its poor close, but Wednesday’s price action has the stock clear of the breakout price and looking like a potential move higher. I will definitely be looking for some early support on this one, as there is currently not a stop in sight.
Oceaneering Intl Inc (OII)
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