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On May 27th, CNBC Fast Money's Guy Adami recommended investors buy Oceaneering International
OII.
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 (
OII), 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 (
OII) fell 2.10% today, and it closed at $45.79.
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