Stocks to Buy – Transocean (RIG)
Click to Enlarge Shares of Transocean (RIG) have been on the technical mend after spending much of the second quarter bottoming at the $40 level. Short interest on RIG shares has grown to nearly 13 times their average daily volume, an extreme reading that has not been seen in the past two years.
RIG stock is a high dividend yielder that has significant upside potential given the technical reversal.
As of this writing, Johnson Research Group did not hold a position in any of the aforementioned securities.