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Oceaneering International - IIO - Barchart's Chart Of The Day

|Includes:Oceaneering International Inc. (OII)

Barchart.com's Chart of the Day - Oceaneering International (NYSE:OII)

Barchart Research Team - BC - Thu Jan 31, 6:29PM CST

The "Chart of the Day" is Oceaneering International (OII), which showed up on Thursday's Barchart "All-Time High" list. Oceaneering posted an all-time Thursday at $63.67 and closed up +1.74%. TrendSpotter has been long since Jan 3 at $56.03. In recent news on the stock, Morgan Stanley on Jan 15 upgraded Oceaneering two notches to "Overweight" from "Underweight" with a price target of $72 due to increased ROV demand, increased subsea tree installations, a recovery in the Gulf of Mexico, and dividend yield. Oceaneerig International, with a market cap of $6.788 billion, is an advanced applied technology company that provides engineered services and hardware to customers who operate in marine, space and other harsh environments. The company supplies a comprehensive range of integrated technical services to a wide array of industries and is one of the world's largest underwater services contractors.

How we found the Chart of the Day:
We found the "Chart of the Day" by scanning the Barchart "All-Time High" list. In order to get to that list, we first clicked on the Stocks menu item on the Barchart home page, then on the "All-Time Highs" menu item on the left menu bar. We then sorted the list by percentage gainers by clicking on the "Percent" column title. A stock that has posted a new all-time high is typically showing strong upside momentum.
The status of Barchart's Opinion trading systems are listed below. Please note that the Barchart Opinion indicators are updated live during the session every 10 minutes and can therefore change during the day as the market fluctuates. The indicator numbers shown below therefore may not match what you see live on the Barchart.com web site when you read this report.

  • TrendSpotter: Buy
  • Short-Term Indicators: 80% Buy
  • Medium-Term Indicators: 100% Buy
  • Long-Term Indicators: 100% Buy
  • Overall Average 96% Buy

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Stocks: OII