BUY! GULFMARK OFFSHORE INC (GLF) NYSE

  Report No. 2421    Analysis by: Harry Aloof     JULY 25, 2011

GULFMARK OFFSHORE INC (GLF-NYSE): Technical Viewpoint: From a low of $38.46 on Jun 6, 2011 prices rallied, reaching a high of $46.35 on Jul 5, 2011. A decline saw prices pull back, reaching a low of $42.87 on Jul 6, 2011. Another rally saw prices penetrate resistance, closing 7/22/11 at $49.20. Technicals: MACD Index (MACD): A Buy Alert! was given on Jul 22, 2011 when the solid line crossed the dotted line to the upside. Support: Remains at $45.25. Resistance: Is at $43.25. Point & Figure: Reversed to the upside on Jul 13, 2011. A P&F upside reversal takes place at $47.00. Summary: Technical indicators have turned bullish. BUY! GULFMARK OFFSHORE INC (GLF-NYSE) @ $49.75 Stop: Use a protective stop of $47.75. GULFMARK OFFSHORE INC is currently trading @ $49.20 plus $4.27 on Jul 22, 2011. Price Objective: $62.50. Risk/Reward: $2.00 VS. $12.75. Today's Risk Reward Ratio: 6:1

Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study

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Price Objective:
$62.50 Risk/Reward:
$2.00 VS. $12.75 Risk/Reward Ratio:
6:1
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