I received a trendline alert on RIG yesterday but wanted to see some follow-thru before posting. the action post-breakout is still somewhat muted today but in the last few months, the old rule of confirming breakouts with above average volume seems to have been discarded so here’s the chart with some levels for those looking for an oil and gas play. i believe i recently read something about the BP gulf oil spill trial in louisiana or one of those gulf states getting underway and i’m not sure if RIG has yet to put all of their potential liability in that disaster behind them yet so as always, DYODD.
