Stock Chart: The last characteristic I look for in a stock is a healthy stock chart. When we look at SDRL we see that it has a very good stock chart -- it's hitting new all-time highs and breaking out.
Courtesy of StockCharts.com
So with SDRL we have good performance, good valuation and a very healthy stock chart. It is a stock that I have a big position in and, as I said, I even added to that position recently. SDRL is just another example of a Best Stock Now!Of the 3,508 stocks that I rank on a daily basis, Seadrill comes in at number 231. Data from Best Stocks Now App At the time of publication the author had a position in SDRL. Follow @billgunderson This article was written by an independent contributor, separate from TheStreet's regular news coverage.