Transocean Ltd. (RIG)

[xray44b9]

This thing will retest if not exceed the low area from March--$13.18. I think it's quite probable that it will touch into the single digits sometime later in the summer/early fall. Just too many headwinds, Greece, Iran, Eurozone, constant downgrades and negative sector outlook, etc. The whole of Wall St is trying to move the energy sector into extreme lows. If I were contemplating a long position in this I would wait at least until the RSI dips into the teens, at least for a short bounce. All IMHO.