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Actionable news in DO: DIAMOND OFFSHORE DRILLING,

Diamond Offshore Drilling (DO) Roof Leaking Today

Trade-Ideas LLC identified Diamond Offshore Drilling ( DO) as a "roof leaker" (crossing below the 200-day simple moving average on higher than normal relative volume) candidate. In addition to specific proprietary factors, Trade-Ideas identified Diamond Offshore Drilling as such a stock due to the following factors:

  • DO has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $70.2 million.
  • DO has traded 1.9 million shares today.
  • DO is trading at 1.68 times the normal volume for the stock at this time of day.
  • DO crossed below its 200-day simple moving average.

'Roof Leaker' stocks are worth watching because trading stocks that begin to experience a breakdown can lead to potentially massive losses. Once psychological and technical resistance barriers like the 200-day moving average are breached on higher than normal relative volume, the stock may then be subject to emotional selling from investors that can continue to drive the stock lower. Regardless of the impetus behind the price and volume action, when a stock moves with weakness and volume it can indicate the start of a new, potentially dangerous, trend. EXCLUSIVE OFFER: Get the inside scoop on opportunities in DO with the Ticky from Trade-Ideas. See the FREE profile for DO NOW at Trade-Ideas More details on DO: Diamond Offshore Drilling, Inc. provides contract drilling services to the energy industry worldwide. It provides services in...


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