Chart of the Day - Oceaneering International (OII)

The "Chart of the Day" is Oceaneering International (OII), which showed up on Wednesday's Barchart "All Time High" list. Oceaneering on Wednesday posted a new all-time high of $50.71 and closed up 3.70%. TrendSpotter has been Long since Jan 19 at $48.38. In recent news on the stock, Oceaneering on Dec 20 completed its acquisition of AGR Field Operations for about $230 million in cash. Goldman Sachs on Dec 8 initiated coverage on OII with a Neutral and a target of $57. Jefferies on Nov 29 initiated coverage on OII with a Hold and a target of $48. Oceaneering International, with a market cap of $5.2 billion, is one of the world's largest underwater services contractors.