Oceaneering International shows a strong performance for several trading sessions.
Regarding the fundamentals, we note the positive treasury, sign of a healthy financial situation. Moreover, analysts from the Thomson Reuters consensus have globally revised upward their EPS estimates.
Technically, the stock is moving in an upward trend for many weeks. This movement reflects a buyer enthusiasm confirmed also by the well orientation of the moving averages. The security is going toward USD 84.4 and would give a strong buying signal if the crossing is confirmed in daily closing.
Given these elements, most active investors could take a buying position and aim to cross the USD 84.4 resistance for a new bullish signal. The target price is 91.2 (swing effect). A stop loss is placed below the entry point, threshold that would invalidate the bullish strategy.
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. 
