Transocean (NYSE: RIG) Could Pop 30% in the Next 6 Weeks

Old Wall Street wisdom tells us that stocks that sport low prices are not necessarily cheap.
Offshore oil rig operator Transocean (NYSE: RIG) seems to be on sale after falling roughly 40% year to date and more than 80% from its all-time high set in 2008. But the stock's long-term trend is still undeniably to the downside. Even its high dividend yield, at 10% currently, while enticing, cannot make up for the losses incurred already.
But something very interesting happened on Friday. (more)

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