Guy Adami Is Looking At RIG

Guy Adami said on CNBC's Fast Money Halftime that he likes Transocean LTD RIG as a short term buy. He sees a technical double bottom in Transocean (RIG) and thinks it might jump 5% to 8% from current levels. Earlier today, JPMorgan JPM warned investors to stay away from this name. Guy Adami understands JPM's point, but he still believes there could be some upside for RIG. RIG is currently trading 4% higher. Since Guy Adami made his comment on the stock, it gained 2%.