HERCULES OFFSHORE INC
(HERO-Nasdaq):
Technical Viewpoint: From a low
of $32.39 on Jun 10, 2008 prices
rallied, reaching a
high of $36.90
on Jun 19, 2008. A
decline saw prices pull back, reaching a
low of
$34.41 on Jun 24, 2008.
Another rally saw prices penetrate
resistance, closing 6/27/08
at $38.31. Technicals: MACD Index (MACD): A Buy Alert!
was given on Jun 18, 2008 when the solid line crossed the dotted line to the upside.
Support: Remains at $34.41. Resistance: Is at None at current levels.
Point & Figure: Reversed to the upside on Jun 16, 2008. A P&F upside
reversal takes place at $35.00. Summary: Technical indicators have turned bullish. BUY! HERCULES OFFSHORE INC
(HERO-Nasdaq) @ $38.50 Stop: Use a protective stop of $36.50.
HERCULES OFFSHORE INC is currently trading @ $38.31 plus $2.06 on Jun 27, 2008. Price Objective:
$48.00. Risk/Reward: $2.00 VS. $9.50. Today's Risk Reward Ratio: 5:1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$48.00
Risk/Reward:
$2.00 VS. $9.50
Risk/Reward Ratio:
5:1
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