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Hornbeck Offshore Services Bullish Moving Average Crossover Alert (HOS)

By David Diaz

Today, shares of Hornbeck Offshore Services (NYSE:HOS) have advanced above their 10-day MA of $8.42 on a volume of 148K shares. This may provide short-term investors a chance for a long position, as such a crossover often suggests higher prices in the near term.

Over the past year, Hornbeck Offshore Services has traded in a range of $5.58 to $25.01 and is now at $8.59, 54% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 3.2% while the 200-day MA has slid 1.1%.

SmarTrend recommended that its subscribers protect gains by selling shares of Hornbeck Offshore Services on May 9th, 2016 by issuing a Downtrend alert when the shares were trading at $9.95. Since that call, shares of Hornbeck Offshore Services have fallen 18.1%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses hornbeck offshore services

Ticker(s): HOS