Swiber

Swiber has covered the gap at about 1.45. analyst is calling abuy at 1.40 and sell towards 1.87-2.00. Results should be withinexpectations. the correction in oil price is also seen to rebound soon.Rebound will boost energy related stocks.

Swiber unveiled its deepwater drilling team at its recent DeepwaterDrilling Open Forum, with its current projected revenue already are nearanal-syt expectation in 2008, will tomorrow result able to move swiber? Or wait for break out? Its accum/distrib, MA, didnt improve at all, RSIcontinue to be over sold, today opening result also not impressive.Downtrend still intact. Result may trigger the rebound.