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* Today's Sector Analysis: "Metals & Mining  " Institutional Technical Viewpoint
Buy Alert!
Intel Corp
(INTC):
$23.38 Stop. $21.38 P-Stop $29.50 P-Objective
Dow Jones Ind: 12,681.16 minus 43.25 points Jul 22, 2011 * Price Objective: 13,700
Volume Two No. 2421
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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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Click here to view full size chart
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DISCLAIMER: This report is not intended as an offering or a solicitation of an offer to buy or sell the securities and futures mentioned. While all information is derived from sources we deem reliable, we do not represent that it is accurate or complete. Such information and the opinions expressed are subject to change without notice. WALL STREET TRADER'S COLUMN™, its officers, stockholders, and employees and their families may have a long or short position in or may at any given time purchase or sell the securities or options relating thereto <
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