Trade Setups

Trade Setup: OII

Setup:

We entered Oceaneering International, Inc. (OII) through our custom Mark Minervini’s Trend Template Screener. The position is now active and will be managed with a defined stop and upside targets.

Why It Matters:

OII is holding above its broader uptrend structure after a constructive advance. Our job now is to protect capital if confirmed daily support fails and let the position work if momentum continues.

Entry Price:

$52.70

Technical Structure:

The confirmed daily support area near $47.60 is the key level for this trade. As long as OII holds above that level, the setup remains intact.

Stop:

$47.60 is a hard stop, placed below confirmed daily support.

Targets:

Target 1: $62.90, approximately 2R
Target 2: $68.00, approximately 3R

Risk/Reward:

Risk from entry to the stop is $5.10 per share, or approximately 9.7%. The first target provides roughly 2R, while the second target approaches 3R.

Status:

Open

Trade Plan:

We entered OII at $52.70 with $47.60 serving as our line in the sand. If the stock reaches $62.90, we may take a partial profit and raise the stop to breakeven. If momentum remains intact, we will hold remaining shares for the $68.00 target and manage the position using price action and meaningful swing lows.

What We're Watching:

We are watching for OII to hold above $47.60, show constructive volume on advances, and make progress toward the first target without breaking key support.

Setup Date:

August 18, 2026

Disclaimer:

This article is for educational purposes only and is not investment advice. Investing involves risk, including the possible loss of principal. Always conduct your own research and consider your personal financial situation before making investment decisions.

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