UPDATE: 10/23

SIGNAL:  TRADE CLOSED

The algorithm flipped to short on SDRL but given the sideways/up trend this is a high risk trade which we choose not to take.  Closing the long position for 1.5% profit.

Symbol: SDRL (NYSE)

Signal:  LONG

New LONG signal on SDRL on a profitable trading pattern going back to January.   The stock is trading at the bottom of a long up channel and appears poised for another leg up.

Related analysis supporting position:

http://finance.yahoo.com/news/seadrill-partners-shares-bought-recent-114639097.html

http://www.forbes.com/sites/stockoptionschannel/2013/10/22/interesting-sdrl-put-and-call-options-for-december-21st/?partner=yahootix