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
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$62.50
Risk/Reward:
$2.00 VS. $12.75
Risk/Reward Ratio:
6:1
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