Tuesday, May 26, 2009

ATW Could Perform

With oil prices rising in the last few weeks, a possible beneficiary of this action could be Atwood Oceanics, Inc.

Atwood Oceanics, Inc. (ATW) focuses in the offshore drilling and completion of oil and gas wells worldwide. The company also offers support, management, and consulting services in its field.

Stock price for ATW is directly related to the price of crude.

Attractive aspects for this company are:
  • Good chart pattern, strong support and a five month base at 13.
  • Decisively crossed the 50 dma and holding above the 200 dma.
  • Good volume at 1.4 million shares/day.
  • Low P/E at 5.6
  • Low debt.
  • Large fund ownership.

ATW seems to be a fine investment at 23.53 provided the price of oil continues to climb.


Friday, May 15, 2009

TMO Shows Weakness

Latest numbers and chart pattern for Thermo Fisher Scientific Inc. (TMO) have made me revise the assessment for the company's near future performance.

Insider selling, price sinking today below its 50 dma and strong overhead resistance, resulted in my choice to exit a long position in the stock.

Bought at about 37.41 on 2/18/09, selling today at 35.04, near a 6.5% loss in 3 months.

I would say it's time to get out and search for better prospects.

Friday, May 01, 2009

Good Returns From ENS

Brought up in this blog on March 24 of this year, ENS was selling at the time for 12.46 and looking like a good prospect, we just saw a run up in the stock price.
Not wanting to be piggish about it, I am very pleased to cash in on a quick profit. Trading now at 18.26, this represents approximately a 47% return in just 5 weeks.
I say, take the money and run.