Guy Adami Missed On Oceaneering International (OII)

On May 27th, CNBC Fast Money's Guy Adami recommended investors buy Oceaneering International

. He based his decision on technical indicators. He thought that OII was oversold, and it looked like this stock was forming a triple bottom. Unfortunately, OII failed to bounce off the support, and it continued to move down. Since Guy Adami recommended Oceaneering (

), it dropped 12%. Guy Adami admitted that this was a bad call, and he thinks that investors should stay away from this stock. Oceaneering International (

) fell 2.10% today, and it closed at $45.79. Want to share YOUR story with our dynamic and rapidly growing audience? Click

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