Nabors Industries Ltd

NBR has cleared the horizontal resistance with a high-probability Momentum Breakout but is extended and overbought on RSI and Options Score—execution is best deferred into shallow pullbacks toward the rising 9/20 EMA zone (approx. $89–86) for continuation participation in the Stage 2 uptrend.

• ↑Q2 Adjusted EBITDA of $222M beat expectations across every segment
• ↑Parker Wellbore deal projected to generate roughly $40M in cost synergies
• ↓Global oil oversupply pressures pricing and compresses drilling margins