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(Diamond Offshore – TransOcean, Ltd ) Please Allow Me To Wish Everyone A Joyous Easter Weekend, With Family & Friends. Our trade with this pair doesn’t come along everyday, but when it does, it is usually an enjoyable trade to take. As you can see from our chart, we are long the pair with a 1/2 sized position, which yields plenty of shares on both sides. Also, we are going with “Beta Weighted”, in order to give our lead stock “DO” a little extra shot of “B-12”, in order to keep up with its partner “RIG”. For those of you that subscribe to our “Premium Services Spreadsheet”, you know that your share sizing and “Beta Values” are calculated and determined for you. Now, let’s take a closer look at our technical aspects below..
Technically speaking, our pair has excellent correlation 0.98+, and the expected range of travel is about 0.80- to 1.00- below the 10 SMA. The RSI Wilder is mid-way at 47.36, and should increase as the pair moves up to mid-channel or higher. I have the pair in the open trades and will feature as “Pair Of The Day” in the next trading day’s edition of “ShadowTraderPro Pairs Trader” posted daily at “MyTrade”.. ; )
Want to know more!, check us out at ShadowTrader.net and go to the pairs archives for viewing and reviewing. As always, catch us at the “Pairs Hour Show” at 4:15 – 5:15 EST every Thursday.
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