Atwood Oceanics, Inc. (NYSE: ATW)

Atwood Oceanics, Inc., an offshore drilling contractor, engages in the drilling and completion of exploratory and developmental oil and gas wells. The company owns a fleet of approximately 11 mobile offshore drilling units primarily located in the United States, Gulf of Mexico, the Mediterranean Sea, offshore West Africa, offshore southeast Asia, and offshore Australia. It also has three ultra-deepwater drill ships, and two high-specification jack ups under construction. The company was founded in 1968 and is headquartered in Houston, Texas.
To review Atwood's stock, please take a look at the 1-year chart of ATW (Atwood Oceanics, Inc.) below with my added notations:
ATW has tried to break through the $55 resistance (red) a couple of times over the last (5) months, including a false breakout in May. A break through that $55 resistance would be a new 52-week high for the stock and should mean higher prices moving forward.
The Tale of the Tape: ATW has a 52-week high resistance at $55. A long trade could be entered on a break through that level with a stop placed under it.

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