Skip to main content

Hercules Offshore Inc. had a sharp decline from $39.47 (U.S.) to $1.07 (A-B), followed by a horizontal trading range between $2 and $7 for more than three years (dotted lines). The recent price action (C) suggests the stock is on the verge of a breakout from this trading range. A sustained rise above $7.50-$8 would confirm the breakout. Hercules Offshore is somewhat overbought, but only a decline below about $5.70 would be negative.

A rise above $7.50-$8 would signal an initial target of $9. The large trading range (dotted lines) supports higher targets.

Monica Rizk is the senior technical analyst for Phases & Cycles Inc. ( Ron Meisels is a contributor to the website and Tweets at @Ronsbriefs. They may hold shares in companies profiled. Please see the site for a glossary.

Story continues below advertisement

Report an error Editorial code of conduct
As of December 20, 2017, we have temporarily removed commenting from our articles. We hope to have this resolved by the end of January 2018. Thank you for your patience. If you are looking to give feedback on our new site, please send it along to If you want to write a letter to the editor, please forward to