In the past few sessions, Oceaneering International shares have suffered from a sharp fall and is now coming back to significant level support.
According to Surperformance rating, the company is an opportunity for a trading strategy. Indeed, it is a good compromise between its value and its visibility. The consensus is very optimistic on the stock through a gradual upward revision on EPS during the past 12 months. The average target price given by the consensus offer a high potential at USD 96.5(+25%).
Oceaneering International is near to the USD 75.9 support and could return soon to an upward momentum. In weekly data, moving averages are well oriented and could support a reversal. Thus, the stock could find new energy and would rise toward the USD 80.8 resistance.
Thanks to the technical pattern and Oceaneering International’s strong fundamentals, active investors can take a long position above USD 75.9. The downside potential is limited and the timing seems perfect to benefit from a technical rebound.
The goals will be fixed at USD 78 in a first time and then at USD 80.8.
However, a bearish trend would regain the upper hand if the security crosses USD 75.9.
Oceaneering International, Inc. is a technology company, which delivers engineered services and products, and robotic solutions to the offshore energy, defense, aerospace, manufacturing and entertainment industries. The Company operates through four segments. Subsea Robotics segment consists of its remotely operated vehicles (ROVs), survey services and ROV tooling businesses. Manufactured Products segment provides distribution systems, such as production control umbilicals and connection systems made up of specialty subsea hardware, along with clamp connectors and subsea and topside control valves. Offshore Projects Group segment provides a portfolio of integrated subsea project capabilities and solutions. Integrity Management & Digital Solutions segment provides asset integrity management, corrosion management, inspection and nondestructive testing services, principally to customers in the oil and gas, power generation and petrochemical industries.
OCEANEERING INTERNATIONAL, INC. 
